News Column

Disney Revenues Rise 4 Percent

August 6, 2013
disney company
Walt Disney Co. in Burbank, Calif. (file photo)

Disney reported a 4-per-cent rise in third-quarter revenues Tuesday, fueled by increased sales at its media networks and the parks and resorts division.

The entertainment conglomerate, which owns US broadcasters including ESPN and ABC, said it earned 11.6 billion dollars in the quarter, up from 11.1 billion dollars a year ago.

Net income rose to 3.35 billion dollars from 3.24 billion dollars a year earlier.

"We are pleased with the results we delivered in the third quarter," said Robert Iger, chairman and chief executive of The Walt Disney Company. "We are confident that our strategy of creating high-quality branded content positions us well for the future."

The company's media networks saw revenue grow 5 per cent to 5.35 billion dollars, on the strength of increased demand for advertising. Visitors flocked to the company's resorts and theme parks, which saw revenue grow 7 per cent.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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