- More fiscal Q1 details from Disney (NYSE:DIS) business units: You're not just imagining Frozen merchandise is everywhere -- sales of the DVD boosted home-entertainment results (along with Guardians of the Galaxy and Maleficent), consumer products licensing, and retail operations (across all regions).
- Media Networks' 3% gain in operating income was driven by Broadcasting, whose gain of $62M made up for a $22M decline at Cable (due to increased programming, production and G&A costs at ESPN; NFL programming and the SEC Network aren't cheap). Broadcast growth included higher sales of Criminal Minds, Scandal and Once Upon A Time.
- Parks and Resorts growth was driven by domestic operations, which offset a decline internationally. Domestic gains came from "higher volumes and guest spending growth at our parks and resorts and, to a lesser extent, at our cruise business, partially offset by higher costs."
- Shares now up 3.1% after hours.
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Conference call starts at 5 p.m. ET.
- Previously: Disney files smash-hit quarter with record revenues (Feb. 03 2015)
- Previously: Walt Disney beats by $0.20, beats on revenue (Feb. 03 2015)