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% |
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.