### Disney Reports Impact of Paris Olympics 2024 on International Parks Attendance

The Walt Disney Company recently reported its fiscal fourth quarter results, highlighting an interesting impact from the Paris Olympics 2024 on its international park revenues. The entertainment giant stated that international attendance had dipped significantly during the Olympic period, reflecting a trend typically seen during such large-scale global events.

Disney's fiscal fourth quarter, which ended on September 30, 2024, saw overall revenues increase by 6 percent to $22.57 billion compared to the same period the previous year. However, despite the revenue boost, the company's overall income dipped by 6 percent to $948 million.

One of the key factors influencing the results was the performance of Disney's experiences division. While revenues for this division saw a modest rise of 1 percent, reaching $1.7 billion in operating income, there was a noticeable drop owing to reduced attendance at international parks. Executives noted that the Paris Olympics caused a decline in visitors, as major events often do.

Interestingly, Disney's domestic parks managed to strengthen their performance during the period. It appears that the dip in international park attendance attributed to events like the Olympics was offset slightly by robust local tourism numbers and an upward trend in domestic park visits.

"This was a pivotal and successful year for The Walt Disney Company, and thanks to the significant progress we've made, we have emerged from a period of considerable challenges and disruption well-positioned for growth," said Disney CEO Bob Iger. He emphasized that the success of Disney's strategic efforts in quality, innovation, and value creation has set the company up for a positive future.

Looking ahead, Disney provided guidance projecting continued growth. For fiscal 2025, the company expects high single-digit EPS growth, along with improvements across its streaming, sports, and experiences segments. Despite facing potential challenges, like the impact from Hurricanes Milton and Helene on the experiences division, Disney remains optimistic about its path forward, focusing on leveraging its extensive entertainment assets to drive future returns.

Overall, while the Paris Olympics did have a temporary dampening effect on Disney's international park revenues, the company’s comprehensive strategy and diverse portfolio promise a robust trajectory in the long run.