The Walt Disney Company has released its full fiscal year 2024 earnings, and the Disney Experiences division posted record high revenue and operating income for the year. The division, which includes Disney’s theme parks, cruises, and more, posted a record $34.1 billion in topline revenue in 2024, a 5% increase versus 2023. Operating income for the full year was nearly $9.3 billion, a 4% increase versus last year.
Disney Theme Parks Post Record Profits in 2024
The Experiences segment had record revenue and operating income for the full year. In Q4, Experiences revenue increased $0.1 billion, or 1%, and operating income of $1.7 billion was a decline of $0.1 billion, or 6% compared to the prior-year quarter.
Domestic Parks & Experiences operating income increased in Q4, on comparable attendance to the prior-year quarter, driven by higher guest spending, partially offset by higher expenses and costs related to new guest offerings driven by Disney Cruise Line. International Parks & Experiences operating income declined in Q4.
For Q4 2024, the Experiences division recorded $8.24 billion in revenue and $1.66 billion in operating income.
Disney released the following executive discussion about its Experiences division:
Our Experiences businesses remain best-in-class, serving as the places where our brands and franchises come to life. The segment delivered record full-year revenue and operating income, despite some industry challenges that emerged in the second half of the fiscal year. We are confident in the long-term prospects for the segment and are committed to investing to drive continued growth. From our theme parks in the U.S. and around the world, our expanding Cruise Line, and the opportunities before us from our relationship with Epic Games, this is an increasingly diversified business.
Disney Cruise Line’s fleet will grow to six ships after we unveil the Disney Treasure next week, and there are another seven cruise ships in development. Disney Cruise Line serves as an ambassador for our brand, bringing some of our most beloved IP into markets where we don’t have theme parks, allowing us to expand our global footprint by delivering our unmatched experiences to greater audiences.
Our investment strategy in our Experiences segment is targeted in terms of projects and locations and is designed to drive operating income growth and attractive returns. We recently unveiled a robust slate of new projects coming to our parks tied to many of our popular franchises, including:
- Magic Kingdom is undergoing the largest expansion ever, including a new area inspired by Cars and a Villains-themed land
- Monsters, Inc.-themed land coming to Hollywood Studios
- New area with attractions themed to Encanto and Indiana Jones coming to Disney’s Animal Kingdom
- Doubling the size of Avengers Campus with two new attractions at Disney California Adventure
- First-ever ride-through attraction themed to Coco at Disney California Adventure Avatar-themed destination coming to Disney California Adventure
- First-ever ride-through attraction themed to The Lion King coming to Disneyland Paris
All of these projects, as well as our collaboration with Epic Games to bring an entirely new Disney universe and experience to Fortnite, demonstrate how we are leveraging our most popular IP and bringing it to life in innovative ways, highlighting the immense value of our brands and franchises, and our ability to create value across our businesses is a true differentiator.
Taken as a whole, we are very pleased with our performance in fiscal year 2024 across the company, both from a creative and a financial standpoint. We are well positioned for growth in 2025 as we continue to deliver on our strategic priorities while bringing fans and families more of the entertainment they love.
In 2025, Disney is forecasting 6% to 8% segment operating income growth compared to fiscal 2024, weighted to the second half of the year.
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