Hong Kong Disneyland Cuts Losses, Repays Loan to Disney
variety.comPatrick Frater Asia Bureau Chief In a financial statement published nearly nine months in arrears, the Hong Kong Disneyland theme park revealed that its revenues in the year to September 2023 had more than doubled and that its losses had been slashed.
The park, which is a joint venture between the Hong Kong government and the Walt Disney Company, with the government owning a majority stake, saw revenue between October 2022 and September 2023 climb by 156% to HK$5.7 billion ($731 million) as total attendance grew by 87% to 6.4 million.
Earnings before interest, taxation and depreciation (EBITDA) tripled to HK$924 million ($118 million) and net losses tumbled by 83% to HK356 million ($45.6 million).
Operators said that the park has been profitable since summer 2023 and that after the end of the financial year the park has continued to perform well.
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