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  1. #1

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    Talking Parks and resorts profit rose 51 percent to $375 million - ABC News - 2/6/2006

    LOS ANGELES (Reuters) - Walt Disney Co. <DIS.N> on Monday posted a 7 percent rise in first-quarter profit as revenue from the new Hong Kong Disneyland theme park and the 50th Anniversary promotion of the original Disneyland made up for movie studio softness.
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    "From the standpoint of earnings, (Disney is) clearly outperforming," Rich Greenfield of Pali Research said. "The main place was in theme parks where clearly the 50th anniversary, and the revenues and profits coming in from Asia made a difference in the quarter."
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    Parks and resorts profit rose 51 percent to $375 million as Hong Kong Disneyland posted its first full quarter of operations and the Disneyland 50th anniversary promotion spurred business at U.S. parks.
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    Source : ABC News

    Looks like HKDL made a difference in the quarter!!

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    Re: Parks and resorts profit rose 51 percent to $375 million - ABC News - 2/6/2006

    Declines in DVD sales and theatrical performance led to a 60% drop in operating income for the Walt Disney Co.ís film division during the first fiscal quarter, the company reported Monday.
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    The studioís theatrical slate with Chronicles of Narnia: The Lion, the Witch and the Wardrobe and Chicken Little also didnít perform as well as 2004 releases The Incredibles and National Treasure.

    Increased income from Disneyland Hong Kong, the companyís media networks division, which includes ABC, and its consumer products division made up for the film declines and led Disney to $734 million in net income for the quarter, a 7% bump from the previous year. Revenue was $8.8 billion, up 2.3%.
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    Source: VideoBusinessOnline

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    Re: Parks and resorts profit rose 51 percent to $375 million - ABC News - 2/6/2006

    I kinda think that WDW and DL had a bit more to do with Disney's bottom line than the little half-baked park they built in HK.

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    Re: Parks and resorts profit rose 51 percent to $375 million - ABC News - 2/6/2006

    Quote Originally Posted by WDW1974
    I kinda think that WDW and DL had a bit more to do with Disney's bottom line than the little half-baked park they built in HK.

    If you look carefully at their past financial statements, it tells something.

    Decreasing operating margin at Parks and Resorts from 22.64%(2001) to 13% (2005).

    fiscal year:2001 operating margin 22.64%
    fiscal year:2002 operating margin 18.08 %
    fiscal year:2003 operating margin 14.92%
    fiscal year:2004 operating margin 14.49%
    fiscal year:2005 operating margin 13%

    A very obvious and substantial decrease in Operating Margin during 2001-2005.

    It is the royalty and management fee from international parks & Resorts and the share of net profit from those operations which helps them in the bottom line.

    that's why they need to expand overseas (exclude the case in Euro Disney).
    Last edited by HongKongDisneyland; 02-07-2006 at 10:16 PM.

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