Disney Posts Strong Quarter on 'Toy Story 5' Box Office Haul
Disney's solid third quarter was driven by a $1 billion box office haul from 'Toy Story 5' and strong draw of U.S. theme parks that helped to offset continued weakness in international tourism.
The Experiences division, which includes Disney's six global theme parks, its cruise line, merchandise and video game licensing, reported operating income climbed 20% to $3.02 billion and revenue totaled $9.97 billion. Operating income rose 27% at domestic parks, while operating income declined 13% for international parks.
The company said the performance was also helped by summer promotions and new experiences being offered at the parks. CEO Josh D'Amaro attributed the growth in attendance to 'the consistent investments that we've made over time, combined with the fact that the experience Disney provides to its fans is truly differentiated and highly valued.'