The third quarter of the fiscal year has closed, and Disney has released their Q3 2021 results. In the earnings call this afternoon, the company announced a $17.02 billion revenue, higher than the expected revenue of $16.76 billion.
Disney Parks, Experiences, and Products reported revenue of $4.3 billion, an increase of 100% versus Q3 2020 and $1 billion more than last quarter.
Domestic parks posted a profit of $2 million, marking the first quarter with a profit since the pandemic began in March 2020. Meanwhile, international parks had a loss of $210 million.
Disney Parks worldwide were all open during Q3, and domestic parks increased capacity, leading to higher attendance and guest spending.
