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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...
Theme Park Supplier's News of the Week #12
World Waterpark Association Success for WWA's 33th Symposium and Trade Show
World Waterpark Association
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Hong Kong Disneyland to introdoce Iron Man Experience
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Operating income for Disney's theme parks and

resorts up 21% for the third quarter

Update : 15/08/12 - 10h59 Published by François Mayné the 13 August 2012, Corporate.
The Walt Disney Company reported last week the earnings for its third fiscal quarter and nine months ended June 30, 2012.

Revenues for the third quarter amounted to $11.088 million (approx €9.02 billion) up 4% compared to the same period of previous fiscal year while the net income increase 24% to $1.831 billion (approx €1.5 billion). For the nine months ended, revenues are up 3% to $31.496 billion (approx €25.62 billion) and net income up 19% to $4.438 billion (approx €3.61 billion).


This performance is once again driven by excellent results of theme parks and resorts segment. Revenues for the quarter indeed increased 9% to $3.4 billion (approx €2.6 billion) and segment operating income increased 21% to $630 million (approx €512.5 million). For the nine months ended, revenues are up 4% to $9.495 billion (approx €7.7 billion) and operating income up 19% to $1.4 billion (approx €1.1 billion).

The Walt Disney Company explains this result by increase of activities at Tokyo Disney Resort (which had been penalized in 2011 by the consequences of the earthquake and tsunami with closing down both theme parks and facilities for several weeks) and Disney Cruise Line due to the first full quarter of operations of the new cruise ship Disney Fantasy.

The domestic resorts of Walt Disney World (Florida) and Disneyland (California) also perform well with increased guest spending (due to higher average ticket prices, food, beverage and merchandise spending, and daily hotel room rates) and attendance growth (at Disneyland Resort), partially offset by higher costs (labor cost inflation and new developments).

New Fantasyland (Magic Kingdom, Walt Disney World Resort)Cars Land (Disney California Adventure, Disneyland Resort)

Disney's theme parks and resorts activities have been particularly busy in the third quarter with the opening of the themed areas Cars Land at Disney California Adventure (Disneyland Resort), Grizzly Gulch at Hong Kong Disneyland or the expansion of the new Fantasyland at Magic Kingdom (Walt Disney World Resort). The group is also preparing for the future with the development of Shanghai Disney Resort in China.

“We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company,” said Robert A. Iger, Chairman and CEO of The Walt Disney Company. “Earnings per share were up 31% over last year, driven by growth in every one of our businesses. We also delivered record earnings per share for the first nine months of our fiscal year, and we believe our results clearly demonstrate Disney’s unique value proposition and great potential to deliver long-term growth.”
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Lo-Q
(12 articles found)

Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world.  This weekly report covers topics such as corporate announcements, financial ...

NEW | Lo-Q - Published on October 21, 2013
Record anniversary edition for the Euro Attractions Show in Paris read more

Bienvenue à Paris! Enthusiasm was reigning among the aisles of the Porte de Versailles exhibition center in Paris last week, while the Euro ...

FEATURE | Lo-Q - Published on September 29, 2013
Theme Park Supplier's News of the Week #3 read more

NewsParcs' Theme Park Supplier's News of the Week is a review of the latest news and releases of companies supplying the theme park industry worldwide.  This weekly report covers topics such as corporate announcements, ...

NEW | Lo-Q - Published on July 16, 2013
Record attendance at Asian Attractions Expo 2013 reflects fast growing Asian market read more

The attractions industry professionals are unanimous: business is now expanding in an exponential way in Asia. As recently emphasized the TEA...

EVENT | Lo-Q - Published on June 25, 2013
Lo-Q extends business relationships with Palace Entertainment and Dollywood read more

The beginning of the year is already full of announcements for Lo-Q, the specialist of virtual queuing systems for the theme parks, water parks...

NEW | Lo-Q - Published on January 23, 2013
Lo-Q acquires accesso to support multiple growth opportunities read more

Lo-Q, the leading supplier of virtual queuing system for theme parks, water parks and visitor attractions, announced yesterday the acquisition...

CORPORATE | Lo-Q - Published on December 6, 2012
Lo-Q announces agreement with The Sanderson Group, a key partner to expand into Asian market read more

Lo-Q plc,, the leading provider of virtual queuing systems for theme parks, water parks and major attractions, today announces that it has signed ...

CORPORATE | Lo-Q - Published on September 6, 2012
Lo-Q signs with Zoombezi Bay water park to install Q-band ride reservation system read more

Lo-Q announced the signing of a new customer in United States for its recently launched water park product: Q-band.  Zoombezi Bay, which is ...

NEW | Lo-Q - Published on March 1, 2012
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