Disney celebrates record profits for quarter

Quarterly earnings report shows company made $2.9B

Disney received some record-breaking good news in its quarterly earnings report released on Tuesday.

The company made nearly $2.9 billion in profit last quarter, up 32 percent from the year before and an all-time record.

Recommended Videos



Some of the biggest gains came thanks to "Star Wars: The Force Awakens," which drove Disney Studios' profits up 86 percent. 

Theme parks also did well, according to the report, making nearly $1 billion in profits. That is a 22 percent increase from last year.

Disney says attendance at domestic parks was up 10 percent despite ticket price increases.

Disney Cruise Line also had its best Q1 results ever, despite having one of its four ships in dry dock for nearly a month of upgrades. 

Check back for more on this story.


Recommended Videos