Despite New Competition, Disney Thrives
Disney’s Experiences division posted a solid performance in the third quarter of fiscal year 2025, showing impressive growth in domestic operations, even with the recent launch of Epic Universe down the road.
For the quarter ending June 28, 2025, Disney Experiences reported operating income of $2.5 billion, reflecting a $294 million boost compared to the same period last year. A large part of that success came from U.S.-based theme parks, which experienced a 22% increase in operating income, reaching $1.7 billion.
The results are particularly noteworthy considering that Universal’s much-anticipated Epic Universe theme park opened in Orlando on May 22, during the same quarter.
International Parks and Products Performance
While domestic parks surged, Disney’s international parks experienced a modest dip in operating income—down 3% from $435 million to $422 million. Meanwhile, the consumer products division showed slight growth, with operating income nudging up 1% to $444 million.
Overall, total revenue for the Disney Experiences segment rose 8% year-over-year, increasing from $8.39 billion to $9.09 billion. Breaking that down:
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Domestic parks revenue jumped by 10%
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International parks revenue grew by 6%
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Consumer products revenue increased by 3%
Higher Spending, More Guests, More Cruises
According to Disney, the growth in domestic operating income was fueled by increased guest spending and stronger attendance. Visitors were spending more in the parks and staying longer, contributing to higher volumes in hotel bookings and cruise line activity.
One standout contributor was Disney Cruise Line, which saw increased passenger activity thanks in part to the launch of the new Disney Treasure ship earlier in the fiscal year. That ship helped push up total passenger cruise days, a key metric in cruise performance.
Disney also cited the rollout of new guest experiences and attractions as reasons for increased costs this quarter, but these investments appear to be paying off.
Disney’s Broader Financial Outlook
Across all divisions, The Walt Disney Company reported total revenue of $23.7 billion for the quarter. The company signaled ongoing confidence in its strategy and hinted at continued expansion across its various business segments.
Despite increased competition and rising operational costs, Disney continues to show strong financial performance, driven largely by its U.S. parks and experiences offerings. The company appears well-positioned to maintain momentum heading into future quarters.
Surprised Disney posted strong earnings even with the opening of Epic Universe?