Walt Disney beats forecasts, registers 19% growth in profits

  • Beating forecasts, Walt Disney has posted a 19% rise in net quarterly income to $2.2 billion, while its revenues were up 9% to reach $13.4 billion.

    The entertainment giant has attributed the “incredibly strong” results to the success of toys themed on its 2013 box-office hit film ‘Frozen’ and an increase in footfalls in its theme parks.

    The sale of ‘Frozen’ toys helped the firm’s consumer products division register a 22% hike in sales.

    Chief executive Robert Iger was quoted as saying that the October-to-December results were a reflection of “the strength of our brands and high quality content”.

    Tagged as: Walt Disney, net income, quarter, revenues, Disney film, Frozen, theme parks, Frozen toys, Robert Iger, business news