CEO Bob Iger On How Disney Managed To Beat Earnings Estimates

Walt Disney Co DIS reported better-than-expected second quarter results earlier on Tuesday.

Disney CEO Bob Iger was on CNBC after the results to weigh in on the earnings and what helped the company to beat earnings estimates.

A Good Quarter For All Businesses

“Well, parks and resorts and consumers products had great quarters, but actually all of our businesses did,” Iger said. “There are some numbers that weren’t necessarily comparable; for instance the Studio had a great quarter, but last year this quarter we had "Frozen", particularly the video.”

“So, that’s not a great comparison and then on the media network side, we had some extra costs at ESPN because of the college football playoffs and the NFL wildcard.”

He continued, “So generally speaking all of our businesses had a very strong quarter, but from a percentage increase perspective, parks and resorts and consumer products led the way.”

Look At What We Offer

Iger was asked about what contributed to the growth in the parks and resorts business. He replied, “I think we've got a great business in that we offer the consumer a great product and a great experience. So I think it starts there: it’s great service, great use of intellectual property and great price to value relationships.”

“So, I don’t think you can look at gas prices or what’s going on with the dollar currency exchange issues. I think you just have to look at what is the product we are offering, what is the experience that we are offering and how much in demand is it,” Iger said.