The Walt Disney Company recently announced its financial results, reporting total revenues of USD 22.6 billion for the latest quarter ending in September, marking a 6% year-over-year increase.
CNBC reported that the overall performance of Disney's parks is pretty good.
For the entire fiscal year 2024, the theme park business recorded new highs in both revenue and profit.
But the company’s international park business was impacted by challenges in China, according to Disney executives in the filing.
This quarter, operating profit of Disney's International Parks & Experiences segment declined year-over-year, affected by a decrease in visitor numbers at Shanghai Disneyland. Additionally, Disneyland Paris was impacted due to the Paris Olympics this year.
The financial report did not specify the extent of the decline in visitor numbers at Shanghai Disneyland.
But during the earnings call, Disney CEO Bob Iger noted signs of consumer softness in Shanghai.
However, he expects this to be temporary and anticipates a quick rebound, with no significant concerns for the parks' long-term prospects.
