The Walt Disney Company’s parks and resorts division reported double-digit growth in profit and revenue for the fiscal year ended Sept. 29.
Parks and resorts saw operating income increase 22% to $1.9 billion, up from $1.55 billion for the previous year.
The division reported a 10% increase in revenue to $12.9 billion for the fiscal year.
Disney attributed the division’s success in part to increased attendance at the Disneyland Resort, which benefited from the opening of Cars Land at Disney California Adventure this summer.
Additionally, there was a gain at Tokyo Disney, which was hurt last year by the March 2011 earthquake and tsunami in Japan, which resulted in a temporary suspension of operations and reduced numbers after reopening.
Parks and resorts saw the greatest revenue increase of Disney’s divisions. The division remains Disney’s second-largest driver of revenue and income after the media networks business.
Overall, Disney reported an 18% increase in net income to $5.7 billion and a 3% bump in revenue to $42.3 billion for the fiscal year.
The company achieved record revenue, net income, and earnings per share for fiscal 2012, according to Disney Chairman and CEO Bob Iger.
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