Frozen
Walt Disney Pictures

Disney's Earnings Aren't Frozen

May 06, 2014

The Frozen juggernaut is still boosting Disney’s bottom line, the company revealed in its quarterly earnings report. The Walt Disney Company posted profits of $1.9 billion in the first quarter, up 27 percent year-over-year, as well as revenues of $11.6 billion, up 10 percent. Both numbers easily beat analysts’ estimates. Disney’s movie studio led the company in growth, with operating income more than tripling to $475 million and revenue climbing 35 percent year-over-year to $1.8 billion.

Disney attributed the huge figures to Frozen, which was smashing both box office and home-video sales record during the first quarter, as well as Thor: The Dark World, another release in a string of hit movies based on the Marvel universe of characters.

Disney stock was essentially flat in after-hours trading following the release of the earnings report.

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