The Walt Disney Company enjoyed record-breaking quarter earnings for Q3 2014, the company has revealed.
Diluted earnings per share (EPS) for the third quarter increased 27 per cent to $1.28 from $1.01 in the prior-year quarter while revenue during the quarter was $12.5 billion, up eight per cent from last year.
Disney’s Parks and Resorts revenues for the quarter increased eight per cent to $4.0 billion while Studio Entertainment revenues for the quarter increased 14 per cent to $1.8 billion.
The company attributes the increase in worldwide home entertainment to lower per unit costs, higher net effective pricing and ‘unit sales growth reflecting the success of Frozen’.
Disney also credits its success at the box office to the likes of Frozen, Captain America: The Winter Soldier and Maleficent.
Consumer Products revenues for the quarter increased 16 per cent to $902 million, again boosted by the success of Frozen merchandise.
“Our strategy of building strong brands and franchises continues to create great value across our company,” said Robert A. Iger, chairman and CEO of The Walt Disney Company.
“This quarter we delivered the highest EPS in the company’s history, and we’ve now generated greater EPS in the first three quarters of FY 2014 than we have in any previous full fiscal year.
"We’re extremely pleased with these results and we are also thrilled with the spectacular performance of Guardians of the Galaxy, which holds great promise as a new franchise for our company and once again reinforces the tremendous value of Marvel.”