The Walt Disney Co. reported a 39 percent jump in its net income for the quarter ending on June 30 when compared with the same period from 2005. Net income for Burbank-based Disney was $1.1 billion for the third quarter, or $0.53 per diluted share, on revenues of $8.6 billion. That is an increase over the same reporting period in 2005 when Disney had net income of $811 billion, or $0.39 per diluted share, on revenues of $7.7 billion. For the nine months of the fiscal year ending June 30, Disney reported net income of $2.5 billion on revenue of $25.5 billion. For the same time period in 2005, the company reported net income of $2.1 billion on revenues of $24.2 billion. The strong third quarter results demonstrate Disney’s ability to leverage its content across its many business units, President and CEO Robert Iger said in statement. “In recent months, we have released such highly successful creative products as ‘Cars,’ ‘High School Musical,’ and ‘Pirates of the Caribbean: Dead Man’s Chest,’ all of which are having a positive impact throughout our company, from merchandise sales to the Internet to home video to our theme parks,” Iger said in the statement. Revenues from studio entertainment were $1.7 billion for the third quarter, a 17 percent increase over the same period in 2005. Revenues were also up in the media networks, parks and resorts and consumer products divisions.
