Why is Disney underperforming?

These include a declining linear-TV business, a complicated shift toward streaming, an underperforming studios unit and a comedown for the parks business as the initial period of postpandemic exuberance wanes. Disney's troubles in linear television and streaming go hand in hand.



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Disney's financial reports for the 2023 third financial quarter attributed the decrease to lower operating income at our domestic parks. The decrease at Walt Disney World Resort was primarily due to higher costs and lower volumes, the reports read.

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For Disney, it would mean losing a significant source of revenue, as the company's Florida operations include four theme parks, two water parks, several hotels, and numerous other attractions that draw millions of visitors each year.

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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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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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