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Shanghai Disneyland sees visitor drop amid market softness

The Walt Disney Company reported $22.6 billion in revenue for the latest quarter, a 6% YoY increase, driven by strong performance in its parks business, which reached record revenue and profit for fiscal year 2024. However, international parks faced challenges, with operating profit declining due to lower visitor numbers at Shanghai Disneyland, attributed to consumer softness, and disruptions at Disneyland Paris during the Paris Olympics. Disney CEO Bob Iger expressed confidence in a swift recovery for the Shanghai park.

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