The decline in profits, less severe than those reported for Disney's last few quarters, came in marginally less than analyst predictions. The group reported a revenue decline of 7% to $8.6bn (£5.2bn) and a net income of $954m (£576m).
Disney's Media Networks, which houses TV network ABC and sports channel ESPN, recorded a 13% slide in operating profit, demonstrating that the group is continuing to suffer from the advertising downturn.
Quarterly ad revenues at sports network ESPN fell 10% year on year.
However, Robert Iger, Disney's president and CEO, said in a conference call with analysts that ESPN had experienced some improvement in ad sales during the latter part of the quarter, despite reporting a 34% fall in operating income.
He said: "Advertisers are buying closer to the time that the money's going to be expressed. It solidified as the quarter progressed."
Iger's optimism extended to the rest of the group. "We do see signs of economic stability," he said. "But the pace and strength of recovery remain uncertain."
Disney's film studio was the hardest-hit part of its entire business - it made a loss of $12m and revenues fell 12%, in spite of box office successes such as Disney Pixar's animated 'Up'.
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