Profits at the Disneyland and Walt Disney World resorts are expected to rebound in 2022. According to a new analyst report, profits should spike in 2023 and jump higher in 2024 as Disney’s U.S. theme parks bounce back from pandemic closures.
The financial outlook for Disney’s theme parks in Anaheim and Florida over the next few years looks strong after a pair of years marked by steep pandemic losses. Research firm MoffettNathanson stated their opinion in a recent analyst report.
“While there are clear headwinds in some of Disney’s legacy businesses, there are also strong tailwinds for the parks in both the near and long term.”
– MoffettNathanson analyst summary
Although the leading media and entertainment company moved its attention to the direct-to-consumer business during a period when streaming media was seeing stellar growth, cruise and theme parks still account for the majority of its revenue and profits. Analysts are expecting theme park activity to steadily rise for consumer engagement in 2022.
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Source: Orange County Register