Walt Disney Co reported higher quarterly revenue that beat analyst expectations as advertising held strong at the company's ESPN sports channel and other media networks.

Shares of the company rose 2 percent to $35.30 after hours, up from an earlier close of $34.64.

The operator of networks ESPN and ABC, a movie studio and theme parks, reported fiscal fourth-quarter revenue of $10.43 billion -- a 7 percent gain from a year earlier.

Net income for the quarter rose 30 percent to $1.1 billion. Earnings per share came in at 58 cents.

Disney had been expected to show stronger results at media networks after rivals including Comcast Corp , Time Warner Inc and News Corp reported gains propelled by a healthy advertising market.

(Reporting by Lisa Richwine, editing by Bernard Orr)