Disney Parks Post First Profitable Quarter Since COVID-19 Shut Down Theme Parks

    According to a new report filed by The Walt Disney Company, the Disney Parks division of the company operated at a $356 million profit in Q3 2021, which ran from April through July 3, 2021. This is the first profitable quarter for the Disney Parks, Experiences, and Products segment since the domestic theme parks closed in March 2020.

    Disney Parks, Experiences and Products revenues for the quarter increased to $4.3 billion compared to $1.1 billion in the prior-year quarter. Segment operating results increased $2.2 billion to income of $356 million. Operating income for the quarter reflected increases at our domestic and international parks and experiences businesses and at merchandise licensing and retail.

    Growth at our parks and experiences business was due to the reopening of our parks and resorts. Walt Disney World Resort and Shanghai Disney Resort were open for the entire quarter. In the prior-year quarter, Walt Disney World Resort was closed for the entire quarter and Shanghai Disney Resort was open for 48 days. Hong Kong Disneyland was open for 72 days in the current quarter and 10 days in the prior year quarter. Disneyland Resort and Disneyland Paris were open for 65 days and 19 days respectively, during the current quarter, whereas these businesses were closed for all of the prior-year quarter. During the periods our parks and resorts were open, they were generally operating at reduced capacities.

    Growth in merchandise licensing was primarily due to higher revenue from merchandise based on Mickey and Minnie, Star Wars, including The Mandalorian, Disney Princesses and Spider-Man. The increase at our retail business was due to higher results at Disney Stores, most of which were closed in the prior-year quarter and the comparison to the write-down of store assets in the prior-year quarter.
    Disney investor release

    Domestically, Disney theme parks posted a $2.6 billion revenue and made a $2 million income off of that topline revenue. Internationally, Disney Parks posted a $210 million loss. That loss was offset by a $564 million profit in the consumer products division within the segment.

    As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!

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