Disney Parks’ Profit Jumps As International Recovery Takes Hold
deadline.comDisney Parks & Experiences generated the bulk of parent profits and about a third of total revenue last quarter with a noteworthy swing in international from Hong Kong to Shanghai to Paris.
Total sales at the divison called Disney Parks, Experiences and Products jumped 17% to $7.8 billion, the company said in its latest financials.
Operating income rose 23% to $2.2 billion for Disney’s fiscal Q2. Internationally, parks swung to $156 million in operating income from a $268-million loss the year earlier, and revenue more than doubled to $1.2 billion from $574 million.
International parks means Shanghai Disney, Disneyland Paris and Hong Kong Disneyland, which all saw attendance up and spending rise due in part to higher ticket prices but also to food, beverage and merchandise sales.
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