By Jonathan Davies

Disney missed revenue forecasts for the first time in eight quarters in the three months to the end of June, despite a 5% rise.

Analysts had forecast Disney’s revenues to be $13.2 billion (£8.5bn), but the entertainment giant reported a figure $100 lower.

Despite missing expectations on revenues, Disney posted a profit of $2.48bn, up 11% on the same period last year.

The company’s theme parks and resorts outside North America reported a drop in operating income due to higher operating costs in Paris and Hong Kong. Overall, its theme parks division saw profits rise 9% to $922m after a 4% rise in revenue to $4.1bn.

Disney’s media networks reported a 4% rise in profits to $2.38bn.

Disney was also boosted by the huge success of Avengers: Age of Ultron. The Marvel film made more than $450m at the US box office and nearly $1bn overseas. It helped Disney’s movie studio business to post a 15% rise in profits to $472m.

Bob Iger, Disney chairman and chief executive, said: "The strong results across our many diverse lines of business demonstrate the power of our unparalleled brands, franchises and creative content.”