Disney Parks Post Profit For First Time in Over a Year

The Walt Disney Company is hosting its Q3 Earnings Call today, and there’s a lot to break down.

©Bloomberg via Getty Images

From Disney Parks’ latest announcements to all of the film and television projects in the works, there’s never a shortage of updates when Disney hosts an Earnings Call. Let’s dive right in and catch up on everything that was shared this afternoon!

Before each Earnings Call, the Walt Disney Company releases its Quarterly Earning Reports, which provide a snapshot of the company’s current financial standings. Highlights from the Earnings Report are typically covered during the call as well.

©The Walt Disney Company

In this quarter’s earnings report, we got some big updates on the numbers for the Walt Disney Company. In Q3 alone, they made more than $17 billion in revenue, which is up from the $11 billion they made in Q3 last year. Revenue so far this year totals at $48.8 billion.

©Disney

As far as specific divisions go, the Disney Media and Entertainment Distribution division of the company made $12.6 billion in revenue in Q3, while the Disney Parks, Experiences, and Products division made $4.3 billion. And for the first time in five quarters, Disney Parks, Experiences, and Products actually MADE money, instead of reporting a loss. The operating income for that division in Q3 came out to $356 million.

The parks actually made money this quarter.

Looking into the media side of things, Disney reported subscriber numbers for its streaming services. Disney+ is up to 116 million subscribers, while Hulu and ESPN+ sit at 42.8 million and 14.9 million, respectively. On average, Disney made a $4.16 revenue per Disney+ subscriber in Q3.

©Disney

At the parks, the $4.3 billion revenue from Q3 is split into $2.6 billion from the domestic parks and $526 million from the international parks, plus $1.1 billion from consumer products. The Q3 revenue in this division is nearly 4 times what Disney made during the same time last year.

Disney California Adventure

But, as far as income goes, Disney only really made $2 million from domestic parks and $564 million from consumer products. They actually lost $210 million at the international parks this quarter. That makes their total Parks, Experiences, and Products income a total of $356 million in Q3 (they had a $1 billion loss this time last year).