Frozen and Disneyland lead Walt Disney to 'incredibly strong quarter'

The unrelenting success of Frozen has helped multimedia giant Walt Disney to an "incredibly strong quarter".

Total revenue for Disney rose 9% in the first quarter to $13.39bn (£8.8bn) and net income grew 19% to $2.18bn.

Revenue from parks and resorts was up 9% to $3.9bn for the three months leading to 27 December. Disney said there had been an increase in visitors to its theme parks, where they spent more. Ticker prices had also been increased.

Chairman and CEO Robert Iger said: "This was yet another incredibly strong quarter for our company with diluted earnings per share up 23% driven by record revenue as well as significant growth in segment operating income."

Diluted earnings per share for the first quarter increased to $1.27 from $1.03 in the prior-year quarter, said Disney.

Following the results, shares in Walt Disney rose by 2.4% in early morning trading to $94.10.