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Disney CEO, Bob Iger, Says Disney World Revenue is Higher Than Pre-COVID Year

Bob iger wears a tuxedo and stands in front of a wall with disney written in neon letters
Credit: Disney/Canva

Today, during The Walt Disney Company’s third-quarter earnings report, the company’s CEO Bob Iger specifically noted three businesses that he believed would provide future growth for the entertainment giant. Films, streaming, and Parks were among the stated points of positive future impact that Iger highlighted. Despite recent perceptions regarding the status of Walt Disney World and its performance, fueled by previous comments from Iger stating that crowd levels are not smaller, there seems to be some contradiction as the most recent earnings report suggests that Walt Disney World is responsible for “lower operating income” amongst Disney’s domestic Parks.

crowds walt disney world disneyland theme park disney character costume head inside hot visibility mickey mouse stitch pluto donald duck mr. smee mrs. incredible

Credit: Disney

However, during the call Bob Iger spoke to Walt Disney World specifically and suggested that the Florida-based Resort, despite its depreciation, is still performing well above pre-COVID levels in terms of crowds. We’ve made this observation ourselves regarding perceived crowds at Disney World, as well as pointed out other topics of note that the company’s CEO made. Nearing the end of the post-COVID-boom of Guests in conjunction with the end of the 50th Anniversary Celebration, have seen a decrease in Guests at Disney World. However, the Orlando-based Resort is still performing a 21% higher revenue and 29% higher operating income compared to fiscal 2019, before COVID.

crowds haunted mansion walt disney world magic kingdom

Credit: Brian McGowan

As many blame the decline of Walt Disney World Guests on the organization’s ongoing fight with Florida politicians, maybe there’s some truth when considering that the Resort is still operating well above its 2019 benchmarks. As Walt Disney World is one of the most desirable travel destinations in the world, many postponed trips once the Parks opened back up boosted numbers so high that lower crowd levels look as if the Parks are struggling, when in reality, the numbers are typical to what we would see at Disney World pre-COVID. Iger also went on to explain that all Parks, especially those in Asia, have had a strong quarter compared to Disney World, but the largest Disney Resort’s situation is not dire.

crowds walt disney world magic kingdom florida cinderella castle

Credit: Disney

About Michael Arnold

Michael is a father, husband, and an Army Veteran. Michael spends his weekends at Walt Disney World and Universal Orlando checking out new merchandise and food. Michael is a graduate of the University of Alabama and has an education background in Public Health. You can find Michael riding Pirates of the Caribbean over and over again or binge watching new Marvel and Star Wars content. Han shot first. Thor is the strongest Avenger. Roll Tide and Wash Your Hands!