NEW YORK: The Walt Disney Company reported quarterly earnings Monday that showed streaming services gaining momentum and theme parks revenue hitting record levels.
Net profit reached US$2.48 billion, down 6 percent year-on-year, according to a statement, with the Experiences division — Disney’s theme parks and resorts — delivering record quarterly revenue of US$10.0 billion.
Domestic parks showed 8 percent operating income growth for the quarter that ended Dec 31, with attendance up one percent and per capita spending up 4 percent.
