Disney third quarter financial report released

by Leah Zanolla
Aug 12, 2010

Despite the current economic recession, the Walt Disney Company's third quarter financial report boasted a 36.2% increase compared to the same period in 2009. This increase rests on the back of the television and film divisions who benefited from both the domestic and international success of series like "Lost" and films such as "Toy Story 3," "Alice in Wonderland," and "Iron Man 2."

Of special note is the Parks and Resorts division where, despite a 3% increase in revenue, suffered an 8% decrease in operating income. According to the report, the company attributes this decrease to "higher costs and lower attendance and hotel occupancy." The Orlando Business Journal suggests attendance at the U.S. Disney parks fells 3% in comparison to the third quarter of last year. However, the article cites CEO Robert Iger as claiming booking for both the Orlando and Anaheim resorts "are just one percent behind the year-ago period."

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• Last Updated: Oct 12, 2011 - 10:50:48 AM