Disney Parks, Experiences and Products Revenue Increases 13% From Q4 2022

Shannen Ace

Cinderella Castle at Magic Kingdom

Disney Parks, Experiences and Products Revenue Increases 13% From Q4 2022

The Walt Disney Company released their Q4 2023 and fiscal full-year results at the end of trading on Wednesday, November 8, 2023. In Q4 2023, Disney Parks, Experiences and Products increased revenue by 13% from last year, for a total of $8,160 million.

Domestic revenue was $5,384 million, while international was $1,665 million and consumer products was $1,111 million.

Disney points to growth at Disney Cruise Line from increases in passenger cruise days and average ticket prices and an increase in Disney Vacation Club attributable to sales of the new Villas at Disneyland Hotel. They had lower results at domestic theme parks due in part to a decrease at Walt Disney World Resort because of “Higher costs attributable to accelerated depreciation related to the closure of Star Wars: Galactic Starcruiser and inflation” as well as lower guest spending because of decreased hotel rates.

Disneyland Resort also had growth thanks to higher attendance, increased guest spending, and higher costs due to inflation.

International parks also saw an increase, in part due to Shanghai Disney Resort with had a growth in guest spending thanks to an increase in average ticket prices and higher attendance.

The year and quarter ended on September 30, 2023.

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