Disney posted an 11 per cent rise in fourth quarter profits as revenue rose 3 per cent to 10.8 billion dollars. The global entertainment conglomerate owed its profit boost to the popularity of its theme parks which saw a 9 per cent boost in revenues on higher attendance than a year earlier, especially in Tokyo and Hong Kong.
The company's media networks segment which include ABC and ESPN saw its sales rise 2 per cent, but studio entertainment saw an 4 per cent drop in sales.
For the year, Disney saw revenues of 40.9 billion, a 3 per cent increase from 2011, while profits rose by 13 per cent.
"Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income, and earnings per share," said Disney Chairman and CEO Robert A. Iger.
"The addition of Lucasfilm will further fuel Disney's creative engine across our company to create additional value for our shareholders and we're confident the Company is well positioned to continue our strong performance and growth."
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women