November 8, 2022, 3:20 PM ·
Disney Genie As well as, Lightning Lane and progress reservation demands continue to pay out off for Disney’s concept parks, as the company these days described a further large quarter of earnings, driven by greater concept park attendance and visitor investing.
Disney’s topic parks phase claimed $7.4 billion in revenue in the last quarter of its 2022 fiscal 12 months, up 36% from the exact same time period a person yr back. For the 12-thirty day period time period ending Oct 1, the Disney Parks, Activities and Items segment noted $28.7 billion in income, up 73% around 2021.Segment working profits rose by nearly $900 million from the fourth quarter of 2021 to $1.5 billion for the identical period of time this 12 months, with operating money up virtually $7.5 billion to a total of $7.9 billion for the fiscal 12 months.
“Our Parks, Encounters and Merchandise segment experienced an additional stellar quarter, with DPEP working earnings in the fourth quarter extra than doubling compared to the prior 12 months, to $1.5 billion,” Chief Financial Officer Christine McCarthy reported. “Our domestic parks shipped important calendar year-about-12 months revenue and working income growth, irrespective of an adverse influence of roughly $65 million to phase operating profits from Hurricane Ian. Per capita paying remained strong, expanding 6% vs . Q4 of fiscal 2021 and almost 40% versus fiscal 2019, reflecting the continued recognition of top quality choices which includes [Disney] Genie In addition and Lightning Lane. “We are also generating significant development on the return of worldwide people to our domestic parks, specially at Walt Disney Planet, the place the blend of global attendance in the fourth quarter was roughly in line with pre-pandemic amounts. “Searching in the direction of fiscal 2023, while we proceed to monitor our scheduling traits for any macro financial impacts, we are even now observing robust desire at our domestic parks and are anticipating a robust holiday break year in Q1.”* * *
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