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Disney posts 5% rise in revenue, but misses expectations

  • 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.

    Tagged as: Disney, revenue, analyst expectations, Hong Kong, Paris, Disneyland, operating incomes, entertainment firm, Disney theme parks, business news