Walt Disney is projected to report a 23% jump in total revenue for its fiscal third quarter Wednesday, largely due to its theme parks surging back to life amid a boom in travel and tourism this past spring.
The world’s largest entertainment company is expected to post $21 billion in total revenue, including $6.8 billion from its parks, experiences and products division, according to analysts polled by FactSet. Analysts expect operating income to rise to $3.2 billion for the quarter, from $2.4 billion a year ago.
Disney Earnings Seen Jumping on Rebound at Theme Parks
Walt Disney is projected to report a 23% jump in total revenue for its fiscal third quarter Wednesday, largely due to its theme parks surging back to life amid a boom in travel and tourism this past spring.
The world’s largest entertainment company is expected to post $21 billion in total revenue, including $6.8 billion from its parks, experiences and products division, according to analysts polled by FactSet. Analysts expect operating income to rise to $3.2 billion for the quarter, from $2.4 billion a year ago.