Disney is expecting the domestic Disney Parks (Disneyland Resort and Walt Disney World Resort) to have a lower Q3 2023 revenue than in Q3 2022.
The reasons Disney gave for the revenue being lower were due to the new Cast Member contract and the end of the 50th Anniversary celebration at Walt Disney World.
The 50th Anniversary officially ended in March 2023. While Disney 100 Years of Wonder has begun at Disneyland Resort and at Walt Disney World Resort, it isn’t seeing as big of a push as the 50th Anniversary celebration did.
The Walt Disney Company reported a total of $21.8 billion in revenue. Disney Parks, Experiences and Products accounts for over a third of that total, making $7.78 billion.
CEO Bob Iger said during Wednesday’s earnings call that they are “closely evaluating” for growth and expansion opportunities at Disney Parks.
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