Disney Fiscal Q1 Sees 54% Jump In Net Income
February 9, 2011 at 4:03 AM (PT)
The WALT DISNEY CO. saw net income jump 54% in first quarter fiscal 2011 to $1.3 billion, led by gains in its cable television and theme parks operations. Revenue overall rose 10% to $10.7 billion, but operating income rose 54% to $375 million.
The Television division jumped 11% to $4.6 billion in revenues and cable rose 16% to $3.07 billion, but the Interactive Media division declined. ABC broadcast revenue increased 4% to $1.58 billion. The quarter included a $75 million gain for sale of businesses, mostly based on the sale of the MIRAMAX movie division.
The company does not break out revenues for its radio properties, RADIO DISNEY and ESPN RADIO.