In their Q1 2024 earnings report, Disney reported that their theme park division made $6.3 billion in domestic revenue during the quarter. Disney Parks Q1 2024 Revenue Overall parks and experiences revenue was $9.1 billion, an increase of 7% from last year’s quarter. The parks and experiences had a decrease in operating income offset by … Read more
The Disney Parks, Experiences and Products (a.k.a. “DPEP”) division of The Walt Disney Company has been renamed just Disney Experiences. Disney Experiences The name change was official as of November 16, 2023. The Disney Experiences website (disneyconnect.com) now reflects the name change and states, “Disney Experiences brings the magic of Disney stories and franchises to … Read more
Interim CFO Kevin Lansberry said during Wednesday’s earnings call for The Walt Disney Company that they expect investments in Disney Parks, Experiences and Products to “ramp up” in the latter half of the next 10 years. Future Investments in Disney Parks “We anticipate robust operating income growth at experiences to reflect strong performance at our … Read more
In the Q4 2023 earnings report for The Walt Disney Company, CEO Bob Iger said that “turbocharging growth” at Disney theme parks is among their “key building opportunities.” “Our results this quarter reflect the significant progress we’ve made over the past year,” Iger stated. “While we still have work to do, these efforts have allowed … Read more
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 … Read more
Disney Parks, Experiences and Products has hired Louise Pentland, former Chief Business Affairs and Legal Officer at PayPal, as their new Chief Counsel reporting to Horacio Gutierrez, Senior EVP, General Counsel and Chief Compliance Officer of The Walt Disney Company. This is an exciting time to join The Walt Disney Company and I’m honored to … Read more
Disney Parks, Experiences and Products reports $7.78 billion in revenue during the second quarter of 2023, which ran from early January to late March. During this time, the Disney 100 Years of Wonder celebration kicked off at Disneyland Resort and began at Walt Disney World Resort. With the celebration came the debut of “Wondrous Journeys” … Read more
Josh D’Amaro addressed the announcement that The Walt Disney Company would be cutting 7,000 jobs in an email to Cast Members today. D’Amaro, chairman of Disney Parks, told Cast Members that the cuts will impact every section of the company, including Disney Parks, Experiences, and Products. However, Disney does not expect these cuts to impact … Read more
After a slew of changes was announced for Walt Disney World and Disneyland Resort this afternoon, Disney Parks Chairman Josh D’Amaro gave an interview with the New York Times. The changes, which included bringing back free parking and easing reservation requirements, have been well received by fans. Some applauded the changes as a result of … Read more
Today, The Walt Disney Company reported its Q4 earnings, and they fell short of expectations for profit and key revenue segments — including Disney Parks, Experiences, and Products (DPEP). Disney said that DPEP operating income (OI) margin (Domestic) for Q4 2022 was 15%. However, in Q3 2022, the company reported a 30% OI and Q2 … Read more
There were so many announcements at the Disney Parks, Experiences, & Products panel during D23 Expo 2022, so we’ve compiled everything you have to look forward to! Disneyland Resort The Mandalorian and Grogu will appear in Star Wars: Galaxy’s Edge at Disneyland in November. A The Hulk “Project Exo” robotic exoskeleton meet-and-greet will start at … Read more
In today’s Q3 earnings call, Disney revealed they expect to increase their capital expenditures to $6 billion in the coming years, an ambitious number that would likely be largely represented in the Disney Parks, Experiences, and Products division. Disney’s goal in the coming years is to spend around $6 billion in capital expenditures, which generally … Read more
As we reported earlier, Disney Parks executive and Walt Disney World Opening Day Cast Member George Kalogridis has announced his retirement. In the wake of his announcement, division Chairman Josh D’Amaro has announced a reorganization of the Disney Parks, Experiences, and Products department. With the reorganization, Kalogridis’ domain of Segment Development and Enrichment will be … Read more
Disney Parks, Experiences and Products pulled a revenue of $6.7 billion in the second quarter of 2022. In the same quarter of 2021, they only made $3.2 billion. The domestic revenue was $4.9 billion, only up slightly from last quarter but a significant increase from $1.7 billion last year. Disneyland Paris, which was closed the … Read more
Gail Evans has been named Executive Vice President, Chief Digital and Technology Officer for Disney Parks, Experiences and Products. Evans worked at Mercer for the past six years and was named their first Global Chief Digital Officer in June 2018. Before that, she had worked for Microsoft, Hewlett-Packard, Bank of America, and Eastman Kodak in … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Thursday, August 12, 2021. Walt Disney World … Read more