Walt Disney $DIS (-0.24%) reported 4th quarter EPS of $1.14, $0.04 more than the analyst estimate of $1.10.
Revenue for the quarter totaled $22.6B, compared to average estimates of $22.48B.
Walt Disney shares ended official trading day at the closing price of $102.72. In the last 3 months the performance was plus 15.03%, in the last 12 months plus 9.36%
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As of $DIS (-0.24%) Disney’s fiscal Q4 earnings call for 2024, held on November 14, Disney reported both positive and challenging results across its diverse business segments. Revenue was $22.47 billion, slightly lower than the $23.16 billion in the previous quarter, reflecting some expected seasonal declines. However, Disney achieved profitability in its streaming division, which includes Disney+, ESPN+, and Hulu, marking a significant milestone. This success was supported by subscriber growth and increased subscription prices, although operating costs rose due to content investments and increased marketing.
In the traditional media segment, Disney’s Linear Networks faced a 5% revenue decline, largely due to continued subscriber losses and softer advertising revenue. However, operating income from this segment increased by 6%, aided by reduced costs in sports programming.
Additionally, Disney’s theme parks and experiences segment grew moderately, with revenue increasing by 2%. This growth was driven by increased attendance and spending at U.S. parks, though income was partially offset by decreased demand at international locations, especially at Disneyland Paris.
Looking forward, Disney is focused on strategic cost-saving initiatives, particularly within its content and direct-to-consumer segments, while continuing to pursue new growth in its media and parks segments. CEO Bob Iger highlighted Disney’s commitment to increasing profitability across all segments and hinted at potential new developments, including potential changes in content strategies and international expansion
