Yep.
Let's pull a few other numbers.
Company revenue (studios, parks, everything) was $82.7 billion
in its fiscal 2022. That was up 23% versus 2021.
Net income was $3.1 billion. That was up 58%
Their fiscal year is October-September so these figures were from October 2021 through September 2022.
Let's take out parks (though the park's and overall company's opposition to DeSantis' Don't Say Gay bill got the whole business labeled as "woke"). But let's keep it to entertainment.
Media and Entertainment Distribution segment revenue rose 8% to $55 billion. Operating income did drop by 42%, but still was income and not a loss, at $4.2 billion.
But that's like almost a year ago! How about now?
Through the
first nine months of its fiscal 2023 (Oct. 22 to June 23) revenue was $67.6 billion. That's up 8% versus the first nine months of 2022.
Net income in that period did drop 31% versus 2022, but also was $2 billion. (i.e. they MADE $2 billion. Not lost. Money in pockets.).
Entertainment and Distribution revenue is up 1% to $42 billion.
Operating income is down 46% to $2.2 billion. Again, a drop. But also still positive. i.e. they're MAKING money, not losing it.
Disney sold more and profited more in 2022.
Disney is selling more in 2023 and though it is profiting less, it is still turning a profit.
Sales have increased in its entertainment division. Profit has declined, but again it is turning a profit.
There is nuance to this and I won't pretend to understand every factor. Sales can increase because more people buy your stuff. It also can go up because you raised the prices on your stuff. Similar dynamics with profit. Maybe you're making less because you're selling less (doesn't seem to be the case here) but you can also sell the same or more and make less if what you're selling costs you more.
This is all very relevant to the strike talk too since these studios keep crying poverty while many of them (I can't speak for all) are still turning sizable profits.
Edit: went back and added in the entertainment division figures.