Disney California Adventure guest travel onto the genuine sleet at the brand new “Frozen” captivate Olaf’s Snow Fest at Disney California Adventure in Anaheim, California on Jan. 5, 2015. (AP)
The Walt Disney Co. (DIS) pronounced Tuesday mercantile second-quarter earnings rose 10% as the report unit’s aloft associate fees and advertising sales and Disney resorts’ taking flight prices compensated for the weakened movie commercial operation and ESPN’s steep programming costs.
Its net income for the three-month period that ended on Mar twenty-eight was $2.1 billion vs. $1.9 billion a year ago.
After adjusting for some items, benefit per share totaled $1.23, violence analysts’ guess of $1.11.
Shares rose 2.2% to $113.45 in pre-market trading.
Company-wide income rose 7% to $12.5 billion.
“Our second-quarter opening … demonstrates the implausible capability of the clever brands and peculiarity calm to expostulate results,” Disney CEO Robert Iger pronounced in a statement, observant that Marvel’s Avengers: Age of Ultron recently has non-stop “at series one in each marketplace so far.”
Revenue for the media networks unit, that includes ABC, ESPN, Disney Jr. and alternative wire networks, rose 13% to $5.8 billion.
ESPN’s programming and prolongation costs hurt its bottom line, as the prices paid to promote NBA, NFL and alternative live games go on to climb. But since the popularity, the sports network generated higher affiliate and promotion revenues.
The report business, that essentially includes ABC, additionally brought in more affiliate fees and programming and advertising sales than a year ago. “The enlarge in module sales was driven by the sale of Marvel’s Daredevil and aloft sales of Lost and Once Upon A Time, to some extent equivalent by the sale of Wife Swap in the prior-year quarter,” Disney said.
The parks and resorts unit reported a 6% income benefit to $3.8 billion as it counted more visitors at made at home Disney resorts and aloft spending per guest.
Studio party revenues fell 6% to $1.7 billion. Disney pronounced year-ago box bureau sales of the unusual strike Frozen injured the second quarter’s opening in comparison. “The decreases in made at home home party and general melodramatic placement both reflected the opening of Big Hero 6 in the stream entertain compared to Frozen in the prior-year quarter,” Disney said.
Consumer products revenues increasing 10% to $971 million as Frozen-related toys sojourn prohibited sellers.
The interactive unit, that runs the digital businesses, reported a 12% income decrease to $235 million as sales of mobile games dipped.