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Orlando Sentinel
Orlando Sentinel
Business
Katie Rice

Disney’s park earnings set a record, even after $65 million Ian loss

ORLANDO, Fla. — Disney’s theme parks division generated $7.4 billion in revenue last quarter, despite Hurricane Ian’s path near Disney World in late September costing the company $65 million, executives said Tuesday.

As the company celebrates the parks division’s record fiscal year revenue of $28.7 billion, its frontline theme park workers say they deserve raises that reflect their work to keep the parks running and guests happy as Orlando’s cost of living climbs.

But even as Disney World proposes gradual raises for workers during contract negotiations with employee unions, it is also looking to cut costs company-wide.

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