Disney releases first quarter figures
Feb 9, 2010
Despite the nationwide recession, the Walt Disney Company didn't report any major losses when first quarter financial figures were made public. Disney's recent first quarter spanned from October 4th to January 2nd. Surprisingly, earnings stayed fairly steady in comparison to the same period last year.
Specifically, the parks and resorts division reported earnings within three million dollars of the previous year's total. The decrease in revenue has been attributed to drops in both attendance and hotel occupancy at Disneyland Paris. The Orange County Register, citing additional financial information acquired directly from the company, details a 9% rise in attendance at the domestic theme parks, including a 20% increase in attendance at Disneyland when compared to the same period during the previous year.
For the full official financial report, click here.