Disney's theme park business faces a mid-single-digit decline in Q4 operating income due to rising prices and decreased international travel.
Disney's theme park business struggles due to rising prices and international travel decreasing demand, leading to a drop in shares. Despite movie success and increased streaming profitability, the company projects a mid-single-digit decline in fourth-quarter theme park operating income. Disney's theme parks experienced a decline in profit during the last quarter despite steady attendance and increased spending, with domestic parks suffering from inflation and new technologies. The company's international parks showed an increase in attendance and room bookings, and Disney+ turned a profit for the first time.
August 07, 2024
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