The company’s theme parks and TV networks led the way with growth in the first quarter while the film unit’s revenue took a 27% hit, falling to $1.8 billion.
Instead, the company released « Mary Poppins Returns, » which made more than $325 million globally. « Star Wars: The Last Jedi » made $1.3 billion worldwide the year prior.
In all, net income fell by 37% compared to the same quarter a year ago.
Disney’s stock rose 2% initially in after hours trading on Tuesday before coming back down.
2019 could prove to be one of Disney’s biggest years.
The company has a powerhouse lineup of films that includes potential blockbusters such as April’s « Avengers: Endgame » and the next chapter in the « Star Wars » saga, « Star Wars: Episode IX. » « Star Wars: Galaxy’s Edge, » the largest expansion ever at its theme parks, will open later this year.
