Disney’s US Parks’ Operating Income Falls, Predicts ‘Flattish’ Future Revenues

Published on August 8, 2024

Operating income at Disney’s American theme parks fell in the third quarter of 2024, with the company reporting that easing consumer demand combined with macroeconomic factors are contributing to the decline. Although Disney’s revenues from domestic parks saw a slight 3 percent increase for the quarter ending June 29, compared to the same period last year, operating income dipped by 6 percent, according to an Aug. 7 earnings report. Disney attributed this decrease to “higher costs driven by inflation, increased technology spending, and new guest offerings.” In addition, revenues were negatively affected due to a “moderation of consumer demand” in a way that exceeded company expectations. Park revenue is expected to remain “flattish” in the fourth quarter, with a couple of quarters to see similar results, Hugh Johnston, Disney’s CFO, said during an earnings call....

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