Euro Disney edges closer to profitability

Posted | Contributed by Jeff

Euro Disney S.C.A., parent company of Euro Disney Associés S.C.A., operator of Disneyland Resort Paris, reported today revenues for its consolidated group for the first quarter of fiscal year 2008 which ended December 31, 2007. Revenues for the first quarter increased 20% to € 340.5 million, reflecting increases in theme parks, hotels and real estate revenues. Theme parks revenues increased 14% to € 175.1 million, driven by growth in attendance and average spending per guest. Hotels and Disney Village revenues increased 17% to € 126.7 million, reflecting increases in average spending per room and hotel occupancy. Real estate revenues increased € 18.4 million to € 24.4 million, primarily resulting from € 12.5 million of revenue related to the sale of a property in Val d'Europe which had been subject to a long-term ground lease.

Read the press release (PDF) from Euro Disney.

Related parks

Disneyland Paris

That growth is particularly impressive when you consider how many Europeans are traveling to the States right now with the dollar being so weak. The parks in Florida are actually thriving off of the international visitor right now.

For Disneyland Paris to be building at the same time is a good indicator for them.

Amazing performance! They didn't do any major advertising, so that means that the maligned second gate (Walt Disney Studios) is now gaining speed, even before the opening of Tower Of Terror.

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