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December 3, 2008 2:22:56 AM CST

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Disney Bucks Economy, Sees Net Rise 22% in Q2

Posted May 7, 08 7:26 AM CDT in Business 

(Newser) – Even rising gas prices couldn’t dent Disney’s second-quarter earnings. The company’s theme park earnings climbed 33%, helping push its overall net up 22% from a year ago, reports the Wall Street Journal. Disney also recorded a 61% jump in earnings from its movie arm and a 14% bump from its media networks. Only consumer product earnings declined, about 14%.

Movie studio revenue rose 18% to $1.8 billion, and theme park revenue climbed 11% to $2.7 billion. "The parks had an extraordinary quarter when you consider the economic environment," said CEO Robert Iger, who said bookings for the rest of the year were ahead of last year’s pace.

Source Wall Street Journal

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In this image released by Disney, the cast from Disney Pixar's "The Incredibles", are shown during a rehearsal for the new Pixar Play Parade at Disney's California Adventure Park in Anaheim.   (AP Photo/Disney, Scott Brinegar)
Guests walk by the entrance to the "Monsters Inc." show at the Magic Kingdom theme park at Walt Disney World in Lake Buena Vista, Fla.   (AP Photo/John Raoux, file)
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gas prices • corporate earnings • Walt Disney Co. • Disneyland • Disney World


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