Star Wars helps Disney to ‘best quarter earning in its history’

Star Wars: The Force Awakens has helped The Walt Disney Company to stellar yearly earnings, topping $2.9 billion in net profit for its fiscal first quarter.

The results – for the period that ended January 2nd this year – have been billed by the studio’s CEO, Bob Iger as the ‘highest quarterly earnings in the history of the company.’

Disney posted earnings of $1.63 per share on $15.24 billion in revenue, which came as a surprise to Wall Street analysts who had earlier predicted a profit of $1.45 per share on revenue of $14.7 billion.

“Driven by the phenomenal success of Star Wars, we delivered the highest quarterly earnings in the history of our company,” said Iger.

Star Wars: The Force Awakens was a major driver of financials having taken an impressive $2 billion worldwide.

Meanwhile, consumer products and interactive media at Disney posted an eight per cent rise in revenure to $1.9 billion and a 23 per cent rise in operating income to $860 million.

Parks and resorts achieved a nine per cent increase in revenue to $4.3 billion and 22 per cent gain in operating income to $981 million.

The largest revenue increase however emerged through Disney’s studio entertainment that saw a 46 per cent rise to $2.78 billion.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent some six years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobHutchins3 if ranting is your thing...

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