Licensing.biz

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.

Exit mobile version