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Saturday, Apr 1, 2023

Disney Performance Strong in Q2

The strong performance of “Alice in Wonderland” contributed to The Walt Disney Co. posting a 55 percent increase in net profit for the second quarter when compared to a year ago. All five business units of the Burbank-based entertainment and media conglomerate had revenue increases for the quarter when compared to the previous year. Disney reported net profit of $953 million, or $0.48 per diluted share, on revenues of $8.6 billion for the quarter ending April 3. For the same period in 2009, the company had net income of $613 million, or $0.33 per diluted share, on revenues of $8.1 billion. The consumer products and interactive media divisions showed the strongest revenue growth with 20 percent over the previous year. Parks and resorts had the lowest with 2 percent growth. Studio entertainment brought in $1.5 billion in revenues, a 7 percent increase from the previous year. The company attributed the growth to the worldwide success of “Alice in Wonderland,” which brought in $330.8 million in box office receipts. Mark R. Madler

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