Disney Income Sets Mark in 2nd Quarter
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Buoyed by strong attendance at its theme parks, Walt Disney Co. reported record earnings for the second quarter of $91.2 million, up 39% from $51.8 million a year ago. Revenue rose to $766.4 million from $592.4 million.
Disney said operating income in the quarter ended March 31 increased 51% to $192.1 million.
Of that amount, the firm said, Disneyland and Walt Disney World produced $119.7 million, a 32% improvement for the theme parks from a year earlier.
The company also reported a 209% increase in operating income for the filmed entertainment segment to $43.7 million.
Disney also cited the strong performance of its television and home video operations in the quarter and six months.
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