Disney revenues rise to $10 billion

The Walt Disney Corporation has announced its fiscal third quarter results, posting an overall 16 per cent rise in revenues to $10.0 billion, with the numbers up by 8 per cent to $28.3 billion in the fiscal year-to-date.

Those numbers were helped in part by a strong increase in revenues year-on-year from the Interactive Media arm, which manages the videogames business.

Sales of Toy Story 3 and Split Second helped revenues jump 74 per cent for the quarter to $197 million, and 3 per cent for the first nine months to $573 million.

However, the segment still made losses of $65 million in the three months ended July 3 - but that was down from $75 million the preceding year, with the fiscal year-to-date deficit cut by $51 million to sit at $130 million.

But in terms of comparisons, the company did note that the preceding year's quarter only had a single release in the form of a Hannah Montana title.

"We're very pleased with our strong third quarter, in which we grew revenues substantially and improved profitability across the majority of our businesses," said president and CEO Robert A Iger. "Our performance underscores the value of sticking to a smart strategy even in tough times, of investing in the right people, and of focusing relentlessly on quality and innovation to drive growth in shareholder value."

The corporation's share price closed yesterday up slightly at $35.29, with after hours trading bumping that up another 0.9 per cent to $35.61.