Disney reported revenue of more than $45 billion for fiscal year 2013 thanks to the continued growth of its theme parks division and the steady hand of ESPN.
Media networks, a group that includes ABC, ESPN and other cable networks like the Disney Channel, still contributes the most revenue and profits to Disney’s bottom line. The division offered than $20 billion in revenue and $6.8 billion in profits, but growth was slower because of ABC.
The two fastest-growing parts of Disney’s business are theme parks and consumer products.
Revenue from its parks and resorts division increased eight percent in the fourth quarter of the fiscaal year and nine percent for the year. Operating income grew even faster, edging up 15 percent for the quarter and 17 percent for the year.
Consumer products are faring even better for the company, but still constitute a smaller part of Disney’s business.
As for Disney’s film studio, profits fell eight percent for the year. Revenue and income from the film studio increased in the fourth quarter thanks to “Monsters University,” but the annual results still suffered because of lower home entertainment revenues.
The success of “The Avengers” in 2012 has rendered any comparison challenging because no Disney movie this year — not even “Iron man 3” — fared as well.
“We’re extremely pleased with our results for Fiscal 2013, delivering record revenue, net income and earnings per share for the third year in a row,” Disney chairman and CEO said in a statement. “It was another great year for the Company, both creatively and financially, and we remain confident that we are well positioned to continue our strong performance and drive long-term shareholder value.”