The Walt Disney Company turns its stories and characters (Disney, Pixar, Marvel, Star Wars) into streaming subscriptions, TV and ESPN fees, theme parks, cruises, and licensed merchandise. FY2025 revenue was $94.4B (+3%); Experiences (parks, cruises, consumer products) earned $10.0B of $17.6B segment operating income. About 81% of revenue came from the Americas.
Click any of the 9 blocks below for a plain-language story of how that part of the model works for Disney — and how it connects to the others.
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