Disney reports record profits in 2015 earnings

2015 fiscal year report shows revenue up 7%, profits up 12%

Disney released its earnings report for the 2015 fiscal year showing that it turned record profits as attendance climbed.

The company said its the fifth consecutive year of record performance.

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Revenue topped $52 billion, up 7 percent from last year and profits jumped 12 percent from a year ago to $8.4 billion -- both all-time highs for the company.

Disney said attendance and spending went up at all Disney parks in the area and around the country.

Profits for the Parks and Resorts division jumped to $3.03 billion for the 2015 fiscal year, which is 14 percent higher than fiscal year 2014.

Disney credits higher attendance, more hotel stays, and higher prices and spending on tickets, merchandise and food. 

Meanwhile, SeaWorld said that overall earnings for 2015 could be up to $20 million lower than initially expected in its quarterly report released on Thursday.

The company said a drop in attendance at its parks in Texas and California is partly to blame.


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