Disney Posts Mixed 3Q Results, Shares Ease
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However, Disney noted a decrease in revenue at its financial juggernaut ESPN, which was hit by lower affiliate fees due to deferred affiliate fee recognition. The sports network accounts for roughly 45% of Disney's value.

Meanwhile, the media giant logged a 9% jump in parks and resorts revenues to $3.4 billion, contributing to a 21% leap in operating income to $630 million. The company cited a rise in revenue from Tokyo Disney Resort, domestic parks and resorts and Disney Cruise Line.

Revenue was mostly flat at Disney's studio entertainment division at $1.63 billion, while consumer products enjoyed an 8% increase in revenue to $742 million.

Shares of Burbank, Calif.-based Disney slipped 0.4% to $49.60 in extended trading late Tuesday. The bar had been raised in recent months as the company's shares have soared about 32% year-to-date.


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