Higher ESPN Costs Can’t Slow Disney Earnings

jon.lafayette@futurenet.com (Jon Lafayette) — Tue, 05 May 2015 13:45:00 +0000

The Walt Disney Co. reported higher profits despite lower income from ESPN.

Net income rose 10% to $2.1 billion, or $1.23 per share, from $1.9 billion, or $1.08 a share, a year ago.

Revenue rose 7% to $12.5 billion.

“Our second quarter performance, marked by increased revenue, net income and EPS of $1.23, demonstrates the incredible ability of our strong brands and quality content to drive results,” saidCEO Bob Iger in a statement. “The power of this winning combination is once again reflected in the phenomenal worldwide success of Marvel’s Avengers: Age of Ultron, which has opened at number one in every market so far.”

Disney Raises Dividend 34% To $1.15 Per Share

jon.lafayette@futurenet.com (Jon Lafayette) — Wed, 03 Dec 2014 21:30:00 +0000

Coming off a record-setting fiscal year, The Walt Disney Co. raised its quarterly dividend for shareholders by 34%.

The new payout is $1.15 per share, up from 86 cents in the previous quarter.

“Disney delivered the highest results in its history in fiscal 2014, reflecting the extraordinary quality of our creative content and the unparalleled strength of our brands,” CEO Bob Iger said in a statement. “We achieved record revenue, net income and earnings per share for the fourth year in a row, and we are delighted to be able to increase our shareholder dividend by 34% while continuing to invest for future growth.”

Disney’s earnings were driven by the success of the animated film Frozen. Its cable TV properties, including ESPN, also had a strong year.

Latest from Next TV in Disney-earnings

Higher ESPN Costs Can’t Slow Disney Earnings

Disney Raises Dividend 34% To $1.15 Per Share