(Reuters) - Walt Disney Co reported quarterly revenue and profit ahead of Wall Street estimates as more people visited its theme parks and it sold more toys based on the hit movie "Frozen".
Disney's shares rose 3.3 percent at $97.19 after the bell.
Operating income at Disney's parks and resorts rose 20 percent to $805 million for the first quarter ended Dec. 27, when more people visited its parks in the United States. They also spent more on tickets, merchandise, food and drinks.
"Frozen" toys sold particularly well during the holiday shopping quarter, helping Disney's consumer products division to a profit of $626 million, up 46 percent from a year earlier.
Disney's movie studio recorded a 33 percent jump in profit, driven by an increase in DVD sales. Marvel's "Guardians of the Galaxy", "Frozen" and "Maleficent" sold well, the company said.
Disney said the studio also profited from lower home entertainment production and distribution costs in the quarter.
Profit at the company's biggest unit, cable networks, fell 2 percent, hurt by higher programming and production costs and lower advertising revenue at its sports channel, ESPN.
Net income attributable to Walt Disney rose to $2.18 billion, or $1.27 per share, for the first quarter from $1.84 billion, or $1.03 per share, a year earlier.
On an adjusted basis, the company earned $1.27 per share.
Revenue rose 8.8 percent to $13.39 billion from $12.31 billion.
Analysts had expected a profit of $1.07 per share on revenue of $12.87 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Lehar Maan in Bengaluru and Lisa Richwine in New York; Editing by Saumyadeb Chakrabarty and Robin Paxton)
