Walt Disney Company had a lackluster fiscal year, except for
its Parks and Resorts division, the only segment that reported revenue and
income growth.
While Disney's media networks, studio entertainment, consumer
products and interactive media segments all recorded decreases, Parks and
Resorts (a division that includes Disney Cruise Line and Adventures by Disney) reported that income for
the year ended Sept. 30 increased 14%, to $3.7 billion. Revenue grew 8%, to
$18.4 billion.
There were Hurricane Irma-related losses at Disney World (the
theme parks were closed for two days) and Disney Cruise Line (three cruises
were canceled and two were shortened), but that was more than offset by higher
ticket prices and sales at the Disneyland Resort in California, gains at
Disneyland Paris attributed to 25th anniversary buzz, and a successful year at
the Shanghai Disney Resort in China.
Overall, Disney reported a 4% drop in net income to $8.9
billion for fiscal year 2017. Revenue fell 1%, to $55.1 billion.