Friday, February 7, 2014

Disney Parks revenues increase by 6 percent for 1st quarter

Disney Parks revenues increased by 6 percent during the first quarter to $3.6 billion, according to the Walt Disney Company.

The increase was due to more guest spending at Disneyland and Disney World, but was offset by the higher costs of rolling out the MyMagic+ program.

Income at all international Disney Parks was flat with increased guest spending at Disneyland Paris and Hong Kong Disneyland and higher attendance at Hong Kong Disneyland were largely offset by lower attendance and occupied room nights at Disneyland Paris.

The Walt Disney Company reported record earnings for its first fiscal quarter ended Dec. 28, 2013.

“We had an incredibly strong first quarter, delivering a 32 percent increase in adjusted earnings per share and double-digit increases in operating income in all business segments,” Robert A. Iger, Chairman and CEO, The Walt Disney Company, said in a news release. “These results reflect the strength of our unprecedented portfolio of brands, a constant focus on creativity and innovation, and the continued success of our long-term strategy.”

Another strong part of the Disney company was the film division with revenue increasing by 23 percent due to the release of "Frozen" and "Marvel's Thor: The Dark World."
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