There were also weak spots in the quarter that had just ended. Disney Consumer Products again reported a decline in operating profit – the fifth quarter drop in a row – as a result of impairments related to the Disney Store chain and deteriorating licensing results for the "Cars" franchise. Disney also said that it had written off about 40 percent of its investment in the moribund vice media, or $ 157 million.
And Disney turned to the discount to support the visit to Shanghai Disney Resort. "We saw some softness in the tourist market in China," Iger said. "Not only for us, but across the board." He added that a large part of the discounting had ended. "We still believe very, very, very bullish" at the resort, he said.
All in all, however, it was a strong quarter for Disney, with each of its largest divisions – movies, amusement parks and television – contributing significantly to the results, a contrast with a year ago, when movies and television sputtered.
The operating result of films had more than doubled, to $ 596 million, due to less film-related depreciation and scorching ticket sales for "Incredibles 2" and "Ant-Man and the Wasp." Disney's theme parks had an operating income of $ 829 million, an 11 percent increase, due to the growth at Walt Disney World in Florida, which suffered in 2017 under Hurricane Irma.
And quarterly gains from Disney's huge television business, including ESPN, ABC, Disney Channel and the Freeform network, rose 9 percent to $ 5.96 billion.
Results at ESPN were flat; higher subscription costs were offset by a decline in advertising. Lower costs have helped Disney Channels Worldwide and Freeform deliver better results. ABC benefited from the sales of repetitions for the sitcom "black-ish", but continued to suffer from falling ratings: increases in advertising revenues were offset by "lower network impressions."
Disney shares rose 1.7 percent in spare parts trade, to $ 118.