Revenue: US$88.9b (up 7.5% from FY 2022). Net income: US$2.35b (down 26% from FY 2022). Profit margin: 2.6% (down from 3.9% in FY 2022).
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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.
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).
Basic Scoop. During the entire 2023 year, Disney Parks will be celebrating the Walt Disney Company turning 100 years old. This is a global celebration, encompassing all 6 Disney Parks, with the kick off happening at the Disneyland Resort on January 27, 2023.
It wasn't a one-off as earlier this month Disney announced that decreases in occupied room nights and attendance at its Orlando outpost during the third quarter of 2023 was partly responsible for a reduction in operating income across its entire domestic park operations.
The experiences division is also Disney's most profitable business unit. In Q4, operating income was $1.8 billion, an impressive 31% increase year over year. The success of this division is why Disney will invest $60 billion into its theme parks over the next decade.
In 2022, the global revenue of The Walt Disney Company stood at over 80 billion U.S. dollars, marking the second-most profitable year in company history.