Walt Disney net income 2006-2023
How much does Disney make a year?
The Walt Disney Company generated a net income of 2.35 billion U.S. dollars in the fiscal year of 2023. This marks a growth of over four billion compared to 2020 when the company suffered a loss due to the impact of the COVID-19 pandemic, as the parks, experiences, and products segment brought in around 10 billion U.S. dollars less in 2020 than in 2019.
The Walt Disney Company reports its numbers based on fiscal years that end late September/early October of the corresponding calendar year.
Disney’s growing dominance
After a wave of acquisitions in recent years and its plans to launch its own streaming service Disney+ to rival Netflix, Disney’s growth seems almost unstoppable. The company holds stakes in ESPN, acquired 21st Century Fox in 2019 (ten years after its acquisition of Marvel Entertainment) and also took on LucasFilm Ltd.
Opinions on Disney’s expansion are mixed, with diehard Hollywood fans expressing concern that the company’s constant growth and the conglomeration of individual studios will deeply affect content and change the structure of Hollywood. Indeed, this has already happened to an extent, but with so many companies under one umbrella (that is, Disney), it will be curious to see whether the movie industry in particular will change as Disney’s stronghold over the industry increases.
