Is it still a blowout quarter if one of your five tires blows out?
Disney's success came as all five of its subsidiaries -- media networks, theme parks, consumer products, studio, and interactive media -- posted year-over-year revenue gains. This also happened three months ago, a fresh break from two quarters ago when only Disney's media-networks arm delivered top-line growth.
All but one of Disney's five segments posted healthy improvement in operating profits. The lone holdout? Disney's theme parks and resorts division, with operating income taking an 8% dip. However, even that subsidiary's meager 3% top-line spurt rings hollow, the only division not to post double-digit gains.
Disney reported weakness at its domestic resorts and cruise line. It's a problematic one-two punch, since Disney has gone on to hike admission prices to its stateside parks last week. It also will begin sailing its third cruise ship in a matter of months.
It's not as if Disney's competition is smarting. Royal Caribbean
In the end, this is the only blemish on an otherwise impeccable report. ESPN remains a beast of a workhorse. Disney's milking Marvel, accordingly. Even Disney's interactive gaming division reversed a year-ago deficit.
Investors will want to keep a close eye on how the telltale summer season plays out for Disney's theme parks and cruise lines, but the family entertainment giant clearly has enough in the tank at this point to overcome any single subsidiary slacking off.
Are there deeper problems at Disney's domestic theme park resorts? Share your experience in the comments box below.