--- title: "Walt Disney Company (The) Business Model" description: "Walt Disney Company (The) revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/walt-disney-company-the/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Walt Disney Company (The) Business Model: How Walt Disney Company (The) Makes Money ## Direct Answer Walt Disney Company (The) reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Entertainment is the largest, with $42.5 billion of revenue (45% of the total), followed by Experiences at $36.2 billion (38%). ## How Does Walt Disney Company (The) Make Money? No single line supplies a majority of revenue: the largest, Entertainment, is 45%, which spreads Walt Disney Company (The)'s exposure across several demand drivers. Between fiscal 2024 and 2025, Experiences grew fastest (+5.9%) and Sports slowest (+0.3%), so the revenue mix tilts toward Experiences while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Entertainment | $42.5 billion | $41.2 billion | 45.0% | 3.1% | | Experiences | $36.2 billion | $34.2 billion | 38.3% | 5.9% | | Sports | $17.7 billion | $17.6 billion | 18.7% | 0.3% | ![Bar chart of Walt Disney Company (The) revenue by segment for fiscal 2025: Entertainment 45.0%, Experiences 38.3%, Sports 18.7%.](https://www.getswoopr.com/images/charts/walt-disney-company-the-business-model-segment-mix.webp) *Walt Disney Company (The) revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## Where Does Walt Disney Company (The)'s Revenue Come From? Regions follow the definitions in the filing; most companies assign revenue by customer location. | Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Americas | $76.4 billion | $72.2 billion | 80.9% | 5.9% | | Europe | $11.1 billion | $10.3 billion | 11.7% | 7.9% | | Asia Pacific | $6.9 billion | $8.9 billion | 7.3% | -22.6% | ## What the Segment Figures Do Not Show The rows above add up to 102% of Walt Disney Company (The)'s reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Walt Disney Company (The) reported in the segment note and revenue disclosures of its Form 10-K filed November 13, 2025 (accession 0001744489-25-000155), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Walt Disney Company (The)'s business segments? In its fiscal 2025 Form 10-K, Walt Disney Company (The) reports revenue for Entertainment, Experiences and Sports. ### Which part of Walt Disney Company (The) brings in the most revenue? Entertainment, with $42.5 billion of revenue in fiscal 2025, or 45% of the total. ### Where does Walt Disney Company (The) report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed November 13, 2025, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: Walt Disney Co Form 10-K filed November 13, 2025](https://www.sec.gov/Archives/edgar/data/1744489/000174448925000155/dis-20250927.htm) - [SEC EDGAR: Walt Disney Co annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1744489&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Walt Disney Company (The) company dossier](https://www.getswoopr.com/stocks/companies/walt-disney-company-the/) - [Walt Disney Company (The) financial metrics](https://www.getswoopr.com/stocks/companies/walt-disney-company-the/metrics/) - [Walt Disney Company (The) financial risk indicators](https://www.getswoopr.com/stocks/companies/walt-disney-company-the/risks/) - [Walt Disney Company (The) peer comparison](https://www.getswoopr.com/stocks/companies/walt-disney-company-the/competitors/) - [Walt Disney Company (The) business model and revenue mix](https://www.getswoopr.com/stocks/companies/walt-disney-company-the/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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