Disney Records Its Best Quarter Ever
The Walt Disney Co. said that it had recorded "the largest quarterly earnings in this history of or company" with net income rising to $1.83 billion during its third quarter, versus $1.48 billion during the comparable quarter a year ago. The company particularly credited box-office results for The Avengers , which took in $1.5 billion at the worldwide box office. The company also saw huge revenue gains brought in by Cars -- not its Pixar movies, which took a drubbing from critics, but from Cars Land, the theme rides at Disney's California Adventure park adjoining Disneyland. Disney said that spending at its domestic resorts increased 8 percent, while overseas parks and the Disney cruise line saw a 21-percent rise. It all seemed to make up for the disaster that was Disney's second-quarter fiasco John Carter , which caused Disney to take a $200-million write-off.