Disney Parks bring in almost $7 Billion in Second Quarter of 2022

Disney Parks bring in almost $7 Billion in Second Quarter of 2022

Disney released its second-quarter earnings for 2022 yesterday. The Disney Parks, Experiences and Products brought in $6.7 billion during that time. That’s over double what was made in the second quarter of 2021.

Disney’s domestic theme park revenue was $4.9 billion in the second quarter of 2022. That is a significant increase from last year. Disneyland Paris made $0.9 billion in revenue this quarter but the park was closed all of last year.

Related – Walt Disney Company Financial Earnings for First Quarter of 2022

Related – Walt Disney Company Reports Second Quarter Earnings for 2022

Here is what Disney said in the report:

“Operating income growth at our domestic parks and experiences was due to higher volumes and
increased guest spending, partially offset by higher costs. Higher volumes were due to increases in
attendance, occupied room nights and cruise ship sailings. Cruise ships operated at reduced capacities in the current quarter while sailings were suspended in the prior-year quarter. Guest spending growth was due to an increase in average per capita ticket revenue, higher average daily hotel room rates and an increase in food, beverage and merchandise spending. The increase in average per capita ticket revenue was due to a favorable attendance mix and the introduction of Genie+ and Lightning Lane in the first quarter of the current fiscal year. Higher costs were primarily due to volume growth, cost inflation and higher marketing spending. Our domestic parks and resorts were open for the entire current quarter, whereas Disneyland Resort was closed for all of the prior-year quarter, and Walt Disney World Resort operated at reduced capacity in the prior-year quarter due to COVID-19 restrictions.

Improved results at our international parks and resorts was due to growth at Disneyland Paris,
partially offset by decreases at Hong Kong Disneyland Resort and Shanghai Disney Resort. Higher
operating results at Disneyland Paris were due to increases in attendance and occupied room nights, partially offset by higher operating costs due to volume growth and increased marketing costs. The decreases at Hong Kong Disneyland Resort and Shanghai Disney Resort were driven by lower attendance. Disneyland Paris was open for the entire current quarter and closed for all of the prior-year quarter. Hong Kong Disneyland Resort was open for 3 days in the current quarter compared to 33 days in the prior-year quarter. Shanghai Disney Resort was open for 78 days in the current quarter and open for all of the prior-year quarter. Tokyo Disney Resort was open for the entire quarter in both the current and prior years.

Growth in merchandise licensing was driven by higher sales of merchandise based on Mickey and
Minnie, Spider-Man, Star Wars Classic and Disney Princesses, partially offset by lower minimum
guarantee shortfall recognition.”

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