Disney theme parks' profits boosted by summer visitors surge

SURGING summer theme park visits helped to raise profits at the #WaltDisney Company in the three months to September. 

It reported a total net profit of $1.6 billion for the period between July and September compared with $1.5 billion at the same time last year. 

Parks and resorts revenue rose by 10% to reach $4.4 billion in the three month period. The division’s operating profit was up by 7% to $738 million year-on-year

The company attributed the growth to increased visitor numbers at parks in the US and #Disneyland Paris.

Disney said: ‘Guest spending growth was primarily due to higher average hotel room rates and ticket prices for sailings at our cruise line as well as theme park admissions and increased merchandise, food, and beverage spending.’  The results gave the company its fifth consecutive year of record performance. 

‘In fiscal 2015,’ says chairman and chief executive, Robert Iger, ‘we delivered the highest revenue, net income, and adjusted earnings per share in the company’s history, reflecting the power of our great brands and franchises, the quality of our creative content, and our relentless innovation to maximize value from emerging technologies.’

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