The Walt Disney Company has released its financial results for the third quarter of 2025, revealing impressive growth in its Disney Parks, Experiences, and Products division. With revenue surpassing $9 billion, this marks an 8% increase compared to the same period last year.
In this article, we’ll break down the key highlights of the report, including domestic and international performance, contributing factors, and future developments.
Q3 2025 Revenue Overview
Domestic and International Performance
- Domestic Parks: U.S.-based parks and resorts generated $6.4 billion in revenue and $1.6 billion in operating income, reflecting a 22% increase in income compared to the previous year.
- International Parks: International locations reported $1.69 billion in revenue and $422 million in income, though income saw a slight 3% decline year-over-year.
Total Revenue and Income
The Disney Parks, Experiences, and Products division reported a total of $9 billion in revenue and $2.5 billion in operating income for Q3 2025. This represents a 13% increase in operating income compared to the same quarter in 2024.
Factors Driving Growth
Increased Guest Spending
Higher guest spending at domestic parks played a significant role in the revenue growth. This includes spending on park tickets, food and beverages, merchandise, and premium experiences.
Cruise Line Expansion
Disney Cruise Line contributed to the division’s success, with increased passenger cruise days and the launch of the Disney Treasure earlier this year. The upcoming launches of the Disney Destiny and Disney Adventure are expected to further boost revenue.
Special Events and Celebrations
Ongoing celebrations, such as Disneyland’s 70th anniversary and Hong Kong Disneyland’s 20th anniversary, have drawn significant guest interest. These events, combined with new attractions and expansions, have enhanced the overall guest experience.
Future Developments
Park Expansions
Disney is investing in expansions across its global parks, including:
- A new World of Frozen land at Disneyland Paris (2026).
- Villains and Cars-themed areas at Magic Kingdom.
- A Monsters, Inc. area at Disney’s Hollywood Studios.
- An Avatar-themed destination at Disney California Adventure.
- A new theme park in Abu Dhabi.
Cruise Line Growth
The Disney Cruise Line fleet will grow to eight ships with the addition of the Disney Destiny and Disney Adventure. The latter will be the largest ship in the fleet and the first to have its homeport in Asia.
Financial Outlook
Full-Year Projections
Disney expects the Experiences segment to achieve an 8% growth in operating income for the full fiscal year 2025. Pre-opening expenses for the new cruise ships are projected to total $185 million, with $50 million allocated to Q4.
Resilience in the Market
Despite increased competition in the Orlando market, Disney’s domestic parks continue to perform strongly, demonstrating the resilience of the brand and its ability to attract guests.
Conclusion
Disney’s Q3 2025 financial results highlight the strength and growth of its Parks, Experiences, and Products division. With record-breaking revenue, increased guest spending, and exciting developments on the horizon, Disney continues to solidify its position as a leader in the theme park and entertainment industry.
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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.
