The Walt Disney Company has shared its financial results for the second quarter of the 2025 fiscal year, highlighting the performance of its Parks, Experiences, and Products division. With total revenue reaching $8.9 billion, the division demonstrated notable growth compared to the prior year. This report breaks down the key insights from Disney’s latest earnings for fans and enthusiasts tracking the company’s progress.
Financial Overview of Q2 2025
Disney’s Parks, Experiences, and Products division recorded $8.9 billion in revenue, a 6% increase from the same quarter in 2024. Operating income for the division also rose to $2.5 billion, up 9% year-over-year. These figures were driven by growth in the domestic parks and resorts sector, as well as higher guest spending across Disney properties.
Domestic Parks’ Performance
Theme parks in the United States showed a strong financial performance this quarter:
- Revenue for domestic parks totaled $6.5 billion, with an operating income of $1.8 billion.
- These figures represented a 9% increase in revenue and a 13% rise in operating income year-over-year.
Key factors contributing to this growth included increased attendance at the parks, higher hotel occupancy rates, and continued interest in Disney Vacation Club properties. Guest spending also rose, partly reflecting inflation and enhanced offerings across the domestic parks.
International Parks’ Results
While domestic parks experienced growth, international parks saw declines in both revenue and operating income:
- Revenue for international parks fell by 5%, amounting to $1.4 billion.
- Operating income for the international parks came in at $225 million, representing a 23% decrease year-over-year.
Attendance declines in Shanghai Disney Resort and Hong Kong Disneyland Resort were noted as contributing factors, alongside increased operational costs.
Key Contributors to Growth
Several elements fueled the positive results for Disney’s Parks and Experiences segment:
- Fleet Expansion at Disney Cruise Line: The recent launch of the Disney Treasure contributed to a higher number of passenger cruise days, aiding revenue growth in the cruise division.
- New Licensing Revenue from Consumer Products: The successful launch of the licensed game Marvel Rivals generated additional revenue within the consumer products category.
- Higher Guest Spending: Price adjustments combined with expanded offerings at the parks contributed to increased per-guest spending.
Commentary from Disney Leadership
Our outstanding performance this quarter—with adjusted EPS up 20% from the prior year driven by our Entertainment and Experiences businesses—underscores our continued success building for growth and executing across our strategic priorities. Following an excellent first half of the fiscal year, we have a lot more to look forward to, including our upcoming theatrical slate, the launch of ESPN’s new DTC offering, and an unprecedented number of expansion projects underway in our Experiences segment. Overall, we remain optimistic about the direction of the company and our outlook for the remainder of the fiscal year.
Robert A. Iger, Chief Executive Officer of The Walt Disney CompanyDisney’s leadership expressed optimism regarding the company’s trajectory for the remainder of the fiscal year. They highlighted the success of the Entertainment and Parks segments as key drivers of overall growth. Additionally, executives emphasized that multiple expansion projects across the Parks division will position the company for continued success in the future.
Ongoing Investments
Disney remains committed to advancing its parks and experiences by leveraging technological innovation and storytelling. Projects such as new rides, thematic expansions, and enhanced digital tools underscore the company’s intent to maintain its appeal to visitors and build upon its legacy of immersive entertainment. For guests, this strategy means greater variety and more interactive experiences at parks worldwide in the coming years.
Closing Thoughts
The Q2 2025 financial results demonstrate a solid performance for Disney’s Parks, Experiences, and Products division, marked by revenue increases in the domestic parks and continued investments. While challenges persist in the international market, Disney’s adaptability and focus on innovation position the company well for long-term growth. Fans can anticipate exciting new attractions and offerings as Disney continues to expand its footprint in family entertainment.
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Written by
Rachel Van Norman
Contributing Writer
Rachel fell deeply in love with all things Disney as a little girl. Now as a wife and a mother herself, she shares this Disney obsession with her son and everyone around her. From her love of princesses to eating all the Disney food, Rachel spends her time radiating Disney magic and keeping everyone up to date on Disney news.
