Disney Reports $954M Profit in Q3 2009; 26% Drop from Last Year

The Walt Disney Corporation reported net income of $954 million on revenues of $8.6 billion for the third quarter of 2009 — a 26% drop in profit from the same period a year ago ($1.28 billion income on $8.81 billion in revenues). A sharp drop in advertising and DVD revenue combined with theme-park discounts were blamed for the drop in profitability for the company.

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