Walt Disney sees theme parks bounce back despite US dip
Gary NoakesWalt Disney Company saw record income from its parks and experiences in the last three months of 2023.
For the quarter ended 30 December 2023, the brand’s US Parks and Experiences saw a 4% growth in revenue to $6.3 billion, but those outside the US, including Disneyland Paris, jumped 35% to $1.48 billion.
Disney said: “At Experiences, we generated all-time records in revenue, operating income and operating margin in the first quarter, and we recently celebrated the well-received openings of World of Frozen at Hong Kong Disneyland Resort and Zootopia at Shanghai Disney Resort.
Disney blamed lower growth at its US parks for a drop in attendance following the 50th anniversary celebration in the same quarter in 2022.
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