But gains in those areas were blunted by the performance of Disney's movie studio, which posted a 36% decline in operating income from a year earlier -- mostly because of weaker box-office results and marketing costs associated with "The Lone Ranger."
Disney Chief Financial Officer Jay Rasulo said on a conference call with analysts that the company expects to lose $160 million to $190 million on
The Burbank company posted net income of $1.85 billion for the quarter that ended June 29, up 1% from a year earlier. Revenue rose 4% to $11.58 billion.
Disney's Media Networks Group, which includes
Disney partly attributed the gain in the cable business to increased affiliate and advertising revenue for ESPN.
The results also reflected marketing costs of "The Lone Ranger," which was released after the third quarter and disappointed at the box office. The film, released in early July, had a production budget of at least $225 million and cost tens of millions of dollars more to market, but has taken in $176 million worldwide, according to Box Office Mojo.
The studio's third-quarter performance also reflected the returns of
Conversely, this year's
Disney's parks and resorts posted operating income of $689 million -- a gain of 9% from a year earlier. Disney said the strong performance was largely because of an increase in guest spending at the company's properties. The company said the division's operating income was adversely affected by the 2013
On June 2, Disney raised entry prices to its theme parks in California and Florida. A single-day ticket to either
Disney's interactive division posted an operating loss of $58 million, compared with a loss of $42 million a year earlier. Revenue was down 7% to $183 million.
Iger, who also serves as Disney's chairman, had been slated to step down from the chief executive role after March 31, 2015. Now he will vacate both posts on the same day in 2016.