Disney parks' earnings get big boost from California's Cars Land
Skift Take
Significant changes made to Disney’s domestic parks in 2012 drove profit increases in the first quarter of 2013, which suggests operations and attractions at its international properties need similar pruning before they begin pulling their weight.
The Walt Disney Company released its first-quarter results for 2013 today and reported revenue of $3.4 billion, up 7 percent year-over-year, for its parks and resorts segment. Operating income for the parks grew 4 percent to $577 million.
Growth was driven by domestic resorts. Disneyland's California Adventure drove the positive
