Income and Revenue
Published November 17, 2024 by SHLDisney’s theme parks have posted their profit for the 2024 fiscal year which ended September 28, 2024. Disney’s revenue for entertainment, sports, and experiences increased by 1%, 3%, and 5% respectively according to the Walt Disney Company annual 10-K report dated November 14, 2024. This brings the total revenue up to $41.18, $17.62, and $34.15 billion dollars for these divisions. This boosts their income by 272%, -2%, and 4% which brings Disney’s income to $3.92, $2.4, and $9.27 billion dollars. The entertainment division includes a mix of parks, resorts, cruises and consumer products. The sports division generates revenue from affiliate fees, advertising, subscription fees, pay-per-view fees and sub-licensing of sports rights. Their experiences division generates revenue from film, episodic and other content.
Surprisingly the entertainment sector of Disney’s revenue was $3.92 billion because it is 272% higher than fiscal 2023 at $1.44 billion. Disney expects their revenue for parks, resorts, cruises and consumer products to jump from 4% to 8% because of opening new rides, buying more land, and retheming attractions. Another reason Disney’s revenue has been increasing is because Disney’s keeps raising the prices of tickets to get into the theme parks along with 2% from attendance growth. Disney is also using limited time offers and entertainment in the park to lure new guests or get returning guests.
New Additions
The plan for Disney’s 10 year $60 billion dollar investment plan will let guests visit The Land Of The Dead with the cast of the hit movie, Coco in the Magic Kingdom. In California’s Avenger’s Campus, guests will be able to battle King Thanos. Just remember: if you don’t get snapped out of existence, the traffic on the 405 will still feel like the real endgame! These plans were only revealed recently. Sadly we will have to wait a few years to be able to enjoy these new plans.
The Best, Worst, and Most Beautiful Moments
The Best: Disney’s entertainment division income jumped 272% since this time last year.
The Worst: Disney’s sports division lost 2% income since this time last year.
The Beautiful Moments: Disney is investing to expand their theme parks.
Leave a Reply
You must be logged in to post a comment.