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Disney sees record quarterly earnings

Operators
Jennifer Morris
10 August 2016

The Walt Disney Company has reported a dip in summer attendance at its domestic theme parks but record revenue for the last quarter for its Parks and Resorts division.

Walt Disney World Florida iStock_000026423061_Medium.jpg

For the firm’s third fiscal quarter, which ended on July  2, revenue for Parks and Resorts increased 6% to $4.4 billion and the operating profit was up 8% year-on-year to $994 million.

Disney’s domestic parks attendance at Walt Disney World, Disneyland and Disney California Adventure dropped 4%, but the firm put this down to the Easter holiday not falling in the company’s third quarter.

Disney’s US theme parks and cruise line were responsible for the rise in the growth in its third quarter.