Disney Parks Earnings
With the release of the Walt Disney Company’s fiscal quarter January – March 2013 earnings, it is quite apparent that their investments in the Florida Fantasyland expansion and California Cars Land paid off nicely.
- Revenue increased 10% for the company as a whole thanks to a 14% revenue gain for the Disney’s parks and resorts segment.
- Disney parks earnings translated into an increase of roughly $300 million quarter over quarter from last year. Notable is the fact that expenses related to the opening of Fantasyland in Central Florida did not largely reoccur in 2013. This drop in expenses is approximately $1.1 billion straight to the bottom line for the first six months of 2013.
- The Disney Parks and Resorts segment is now the second largest unit in the company behind Disney Media with sales topping $4 billion for the quarter. Disney Parks earnings are clearly driving the company.