The Walt Disney Company continued to post strong numbers during its fiscal fourth quarter 2015, aided by substantial gains in its theme park division.
Disney's Parks & Resorts division, which includes the Disney Vacation Club timeshare segment, saw its revenue increase 10% over the same period last year to $4.4 billion. Profits for the quarter rose to $738 million, an increase of 7% over 2014.
Domestic theme park attendance was up 15%, although it benefitted from an extra week in the 4th quarter 2015. Adjusting for the additional week, attendance was still up by 7%. Attendance figures include the Walt Disney World and Disneyland parks. The Disneyland 60th anniversary celebration was cited as a driver of domestic attendance gains.
Average guest spending rose by 7% with average hotel occupancy at 84% for the quarter.
Disney does not report financial details for the Disney Vacation Club unit.
Despite concerns over ESPN, operating income for Disney's media networks rose by 27% to $1.8 billion.
Revenues for the feature film unit remained were unchanged with "Inside Out" and "Ant-Man" the quarter's big tentpoles. Nevertheless, profits for the Studios rose from $254 million in 2014 to $530 million in the same period 2015.
Company-wide, revenues increased 9% to $13.5 billion for the quarter while net income was up 7% to $1.6 billion. Numbers for the entire fiscal year 2015 showed a 7% increase in revenue and 12% increase in profits over fiscal 2014.
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According to the article, revenues increased by 10% and profits increased by 7%. Even if the increase is at a lower rate than prior experience, it's still an increase. Hopefully the higher profits will lead to increased investment in their park assets.