Disney posts 5% rise in revenue, but misses expectations
August 5 , 2015
Disney has reported a 5% rise in revenue for the quarter ending June 27, but failed to meet analysts’ expectations for the first time in two years. The group’s revenues were $100 million lower than the expected $13.2 billion.
Higher operating costs at the Hong Kong Disneyland and Paris Disneyland led to a fall in operating incomes at the entertainment firm’s resorts and theme parks outside North America.
The operating profit at Disney theme parks was up 9% to $922 million, with the revenue increasing by 4% to $4.1 billion.