Mad Dog
V.I.P. Member
from "Reuters" wire service....."Walt Disney Company reported quarterly earnings on Tues. (Feb. 5, 2019) that topped Wall Street's estimates thanks to the company's booming theme park business and growth at the ABC broadcast network. The theme park's and consumer products division reported profit of $2.2 billion, up 10%from a year earlier. Results were buoyed by increased guest spending and higher occupancy rates at Disney's United States theme parks"....and from Disney's report "Guest spending growth was due to higher ticket prices,an increase in food, beverage and merchandise spending and higher average hotel room rates.....Operating income at our international parks and resorts was down modestly...as lower results at Shanghai Disney Resort and Disneyland Paris were largely offset by an increase at Hong Kong's Resort. Lower operating income at Shanghai Disney Resort was primarily due to lower attendance and higher costs...at Hong Kong Resort, the increase in operating income was driven by increased guest spending and higher occupied room nights......Reports lower income from licensing activities was driven by a decrease in fees for products based on Star Wars and Cars".............................so, it appears, bottom line, the increased revenue was largely from higher prices across the spectrum. ...............................................................................................Edit: Correction on the thread title. That's actually Disney's first quarter, not second.Moderator, please correct. Thanks.
Last edited: