Is Disney losing money 2023?

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.



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The Walt Disney Company has had a rough time at the box office for a year and a half. Poor numbers with Indiana Jones and the Dial of Destiny (2023), Strange World (2022), Lightyear (2022), and others have caused the studio to lose hundreds of millions with each film.

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On top of that, trips to Europe appear to be cannibalizing demand for domestic theme parks this year — likely both contributing to the downturn. In addition to the stormy political climate, experts also point to extreme weather and heat in Florida as a contributing factor.

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With costs so high, it's no wonder why many families find it difficult to afford a Disney vacation. A recent LendingTree survey found that 18% of Disney visitors have gone into debt for one or more of their trips to the destination. And among those with Disney debt, 8% say it will take more than a year to pay it off.

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Is there any hope for Disney's stock? Despite Disney's stock's performance over the last five years, the company does have some bright spots. Most notably, operating income for its parks, experiences, and products segment is up 20% year over year to $7.6 billion in the first three quarters of fiscal 2023.

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From ongoing battles with Florida Governor Ron DeSantis and his board appointees to subscriber losses on its streaming platform, Walt Disney leadership may be wondering if they've unknowingly fallen under a dark curse. And now, to make matters worse, its theme parks are dealing with declining foot traffic.

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Disney+ has been losing customers to price increases expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter.

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According to US copyright law, the rights for a character expire 95 years after the publication of the original work. Disney will lose the Mickey Mouse copyright for Steamboat Willie in 2024, since the short animated film was produced and distributed in 1928.

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Starting on January 9, 2024, you can visit any theme park without a reservation as long as you have a date-based ticket. A date-based ticket is the standard ticket option and means you've purchased park passes for a specific time frame (whether it's tickets alone or part of a vacation package).

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In 2023, we expect crowds to be heavy once again and things might be completely back to normal by then. We've seen capacity increase significantly, and more entertainment and dining options returned to the parks and by the summer it could be even better. See our guide to Disney World in June for more details.

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