Skift Take
The re-opening of a park gives a short-term lift to results, but it will need growth across the division.
Shanghai was a key driver to the Walt Disney's theme park division’s strong growth in the third quarter, executives said in an earnings call Wednesday. The park’s drop of Covid restrictions and closures gave its income a boost. In last year's third quarter, it was open for only 3 days due to Covid restrictions – this year, for the full three months.
Hong Kong Disneyland also gave a boost due to higher guest spending growth and higher volume. The performance of Disney’s Asia parks reinforce a “clear opportunity for growth,” said CEO Bob Ige