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Cruise ticket pricing helped boost Disney's record Q3

The Walt Disney Co.'s third quarter earnings per share increased a whopping 27%, making the best quarter in the company's history. Higher cruise ticket pricing was among the contributors in the period ending June 28.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

August 5, 2014

1 Min Read
Credit: Seatrade Cruise News

Net income was $2.2bn, or $1.28 per share, up from $1.8bn, or $1.01 per share, on revenues of $12.5bn, up from $11.6bn. Analysts were expecting EPS of $1.17.

Disney Cruise Line is part of the Parks and Resorts division, where profit was up 23%, to $848m from $689m a year ago, and revenues topped $3.9bn, up from just under $3.7bn in Q3 2013.

'Guest spending growth reflected higher average ticket prices for admissions at our theme parks and for sailings at our cruise line and increased food, beverage and merchandise spending,' the company said in commenting on the Parks and Resorts performance.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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