Walt Disney said last night that its first-quarter profit rose 5% from a year earlier to $723m on higher revenues at its broadcast and cable television networks.
The profit excluding special items amounted to 33 cents per share, four cents better than Wall Street had expected.
Revenues grew 1.4% in the three months to December 31, hitting $8.7 billion.
The company, a media and entertainment giant with Hollywood studios, theme parks and television networks, said its media revenue rose 11% to $3.5 billion, fuelled by strong ratings at ABC and the cable networks ESPN and ABC Family.
