Walt Disney Co. ends fiscal year on a high note

Leah Zanolla | Posted: Nov 7, 2014 | Updated: Nov 7, 2014 - 11:53:43 PM

The Walt Disney Co. has released its financial report for the fiscal year that just ended. Revenue for the company came in at $48.8 billion for the year and $12.3 billion for the quarter.

In the theme park division, the fourth quarter ended up 7 percent higher from last year, with revenue of $3.96 billion. This was helped along by record attendance. Fourth quarter operating income was up to $687 million, a 20 percent increase from the previous year. Disney saw $15.1 billion in revenue from their theme parks, a number that is up 7 percent from 2013.

The report said, "Higher operating income at our domestic operations was driven by increased guest spending and attendance, partially offset by higher costs and lower vacation club ownership sales. The increase in guest spending was primarily due to higher average ticket prices for theme park admissions and for sailings at our cruise line and increased food, beverage and merchandise spending."

Bob Iger, Disney Chairman and CEO, said, "Our results for fiscal 2014 were the highest in the company's history, marking our fourth consecutive year of record performance. We're obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology."