The Walt Disney Company reported Thursday that its Q4 earnings increased 14% to US$1.24 billion compared to US$1.09 billion a year ago.
Profits were driven primarily by growth from its parks and resorts division which posted an 18% jump to US$497 million in operating income. Growth at four of Disney’s five segments was also reported with operating income coming in at US$2.3 billion, an increase of 11%.
Studio entertainment was the only segment to record a loss, falling 32% to US$80 million. Disney attributes the decline to fewer theatrical releases in 2012, lower worldwide theatrical results (Brave), dropping home entertainment sales volume and higher marketing expenses for Frankenweenie.
On the consumer products side, revenue increased 8% to US$883 million, media networks were up 2% to US$4.9 billion, while interactive revenue fell 14% to US$191 million.
As Disney looks forward, the big news is, of course, its newly strengthened growth position having announced last week it will agree to pay a cool US$4.05 billion in a stock and cash transaction for Lucasfilm.