Hong Kong Disneyland profit drops 36% to HK$536 million as costs rise, visitors fall

Hong Kong Disneyland Resort posted a 36 per cent drop in net profit to HK$536 million (US$68 million) last year, due to higher costs, increased outbound travel by residents and weather disruptions, although earnings were the second-highest on record and the theme park is now debt-free.The Lantau Island theme park on Tuesday reported its results for the financial year ending last September, with revenue down by 1.35 per cent year on year to HK$8.69 billion and visitor numbers falling by 2.5 per cent to 7.5 million, from a record 7.7 million in 2023-24.Tim Sypko, the park’s managing director, said costs rose last year amid higher wages, anniversary-related expenses and depreciation charges tied to new attractions.