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Walt Disney Company's profits rose 33 per cent in the first quarter, helped by the animated movie hit Frozen , the Burbank California-based company said on Wednesday.
Net income grew to $1.84 billion or $1.03 per share from $1.38 billion or 77 cents per share, compared to a year earlier, according to the quarterly report.
Revenues rose to 12.3 billion, up 9 per cent compared to 2012, the report said.
Disney chief executive Robert A Iger said the results reflected “an incredibly strong first quarter” and double-digit increase in operating income in all business segments.
“These results reflect the strength of our unprecedented portfolio of brands, a constant focus on creativity and innovation, and the continued success of our long-term strategy,” he said in a statement.
Frozen has taken in $865 million at the box office worldwide, since it was released on November 22.
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