This morning, The Walt Disney Company reported Q4 earnings will exceed analyst expectations with a quarterly income of $1.1 billion. That’s +30% over last year!
That makes me happy… the reason that makes me happy is because the theme park division is responsible for a good chunk of that… and I love me some Disneyland. The Happiest Places on Earth are up 9% in revenue over last year… AND, that’s with over half of frickin’ California Adventure being closed for new stuff being built. Not too shabby.
The other division putting in a major helping hand to boost the earnings numbers is the TV division. Despite missing some major tentpoles in news and sports this year, Disney’s cable and ABC ad revenue and operating revenue were up a ton. And Disney is (at least pretending that) they aren’t afraid of the NBA lockout affecting ESPN revenue… they’re assuming NBA ad dollars and audience will just shift to other ESPN properties.
While Disney is kind of the Devil… they are a devil that makes Toy Story and gives me churros… so yah, they are my friend.