Disney reports third quarter financial results
| Posted: Aug 7, 2014 | Updated: Oct 19, 2014 - 9:25:27 AM
Third quarter financial results have been reported for Walt Disney World. The company's net income rose 22 percent to $2.2 billion, a new record. Theme park revenue was up 8 percent to $3.98 billion. After the report came out, Walt Disney Co. shares were up 0.3 percent.
Disney said numbers would have been even higher if the costs of the MyMagic+ program weren't factored in. They say the growth came from increased guest spending and higher attendance at the theme parks.
Next quarter would include the summer numbers, which are typically higher than the rest of the year, so presumably, the company will do even better than this quarter.