BREAKING: Disney Parks and Resorts Revenue Up $1 Billion Over Last Quarter, Segment Posts First Profits Since Pandemic Began
The third quarter of the fiscal year has closed, and Disney has released their Q3 2021 results. In the earnings call this afternoon, the company announced a $17.02 billion revenue, higher than the expected revenue of $16.76 billion.
Disney Parks, Experiences, and Products reported revenue of $4.3 billion, an increase of 100% versus Q3 2020 and $1 billion more than last quarter.
Domestic parks posted a profit of $2 million, marking the first quarter with a profit since the pandemic began in March 2020. Meanwhile, international parks had a loss of $210 million.
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Disney Parks worldwide were all open during Q3, and domestic parks increased capacity, leading to higher attendance and guest spending.