The Walt Disney Co. increased fiscal third quarter earnings per share to $1.59, up from $1.45 in the prior year quarter. Net income rose to $2.6bn, a 5% increase, on revenues of $14.3bn, up from $13.1bn.
The Parks & Resorts division, which includes Disney Cruise Line, turned in the second highest operating income gain after Studio Entertainment, 8%, or a total of $994m on $4.4bn in revenue, a 6% increase.
Operating income at Parks & Resorts' domestic operations, including parks and cruises, was up more than 20%. Increased guest spending was driven by higher average ticket prices at theme parks and Disney Cruise Line.
Two newbuilds are on order for Disney at Meyer Werft for delivery in 2021 and 2023.
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