Disney Experiences Posts $9.09B in Q3 Revenue, Outpacing Expectations

The Walt Disney Company released its third-quarter earnings report earlier today. The Experiences segment, which includes theme parks and Disney Cruise Line, came in above expectations. Revenue was up 8% year-over-year, reaching $9.09 billion.

Operating income for the segment also saw a boost, climbing 13% to $2.5 billion. Domestic parks were the standout performers, bringing in $1.7 billion, an impressive 22% jump compared to the same time last year. While theme park attendance stayed about the same, guests spent more during their visits. Disney resort hotels saw higher occupancy than they did a year ago. Finally, the debut of the Disney Treasure – and its additional passenger cruise days – also contributed to the higher total.

Disney should be thrilled with those numbers, especially considering the arrival of Epic Universe in Orlando. That park officially debuted on May 22, 2025. Disney’s third quarter ended on June 28. That’s not a huge overlap, but it does indicate that Disney World performed well even with the increased competition. Disney’s executive commentary indicates as much:

“We are pleased with these results and encouraged by the continued resiliency of our domestic parks business, particularly at Walt Disney World given increased competition in the Orlando market.”

Disney’s earnings news flies in the face of what many theme park pundits predicted, that Disney World we see a drop in attendance once Epic opened. A decline could still come, but Disney’s pipeline of future projects – Tropical Americas, Monstropolis, Piston Peak, and a villains-themed land – should mitigate any attendance drops.