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Frozen delivers a magical festive-quarter for Disney

Disney has reported a 19 percent increase in its quarterly profit - the growth is being driven by...
Newstalk
Newstalk

15.16 4 Feb 2015


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Frozen delivers a magical fest...

Frozen delivers a magical festive-quarter for Disney

Newstalk
Newstalk

15.16 4 Feb 2015


Share this article


Disney has reported a 19 percent increase in its quarterly profit - the growth is being driven by toy sales, box office hits, and the company's theme parks.

For the quarter that ended December 27th, the first day of Disney’s 2015 fiscal year, the company's net income was $2.18bn (€2.49bn) - up from $1.84bn (€2.1bn) a year earlier.

Revenue was up by 9 percent to $13.39bn (€15.28bn) - analysts had expected it to be $12.87bn (€14.68bn).

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After the announcement Disney shares rose by 5 percent in after hours trading.

It is worth pointing out that the Christmas quarter 12 months ago was also massively successful - it corresponded with the initial theatrical release of Frozen, record-attendances at the company's theme parks, and the launch of the successful Disney Infinity video game.

A year after its release Frozen is still making money for the company. Sales of merchandise related to the film helped to boost profits - consumer product sales for the quarter were up by 22 percent.

Disney CEO Bob Iger welcomed the figures, saying: "Once again [financial results] reflect the strength of our brands and high quality content and demonstrate that our proven franchise strategy creates long-term value across all of our businesses."


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