Disney beats estimates, park/experiences division revenue up 21% for quarter
Posted
From CNBC:
Net income was $1.28 billion, or 70 cents a share, compared with $1.1 billion, or 60 cents a share, a year ago. Revenue rose 8% to $23.51 billion from $21.82 billion a year ago.
A bright spot for Disney came from its parks, experiences and products divisions, which saw a 21% increase in revenue to $8.7 billion during the most recent quarter. A little more than $6 billion of that revenue came from its theme park locations.
It's worth mentioning that they plan to cut 7k jobs, but I suspect most of those will be in the entertainment and ESPN divisions, not as many in parks. It's just an anecdote, but I've heard that a number of professional subdivisions here did fairly well with annual pay increases and bonuses.
Jeff - Editor - CoasterBuzz.com - My Blog
You must be logged in to post
