Walt Disney Company ( (DIS) ) has released its Q4 earnings. Here is a breakdown of the information Walt Disney Company presented to its investors.
The Walt Disney Company, a global leader in entertainment and media conglomerate, is renowned for its iconic brands and franchises in film, television, and theme parks. In its latest earnings report, Disney showcased a solid performance for the fiscal year 2024, with a notable increase in revenues and a significant improvement in adjusted earnings per share. The entertainment giant reported a 6% revenue increase in the fourth quarter and a 3% rise for the full year, driven by its thriving streaming services and successful box office releases like Pixar’s Inside Out 2 and Marvel’s Deadpool & Wolverine. Despite a slight decline in income before taxes in the fourth quarter, Disney saw a 59% increase for the year, underscoring the effectiveness of its strategic initiatives. The company highlighted key achievements, including a 23% growth in total segment operating income for the fourth quarter and a 21% increase for the year. Disney’s direct-to-consumer streaming segment also showed improved profitability, with a 14% growth in ad revenue in the fourth quarter. The company ended the quarter with 174 million Disney+ Core and Hulu subscriptions, marking a significant rise in its subscriber base. Looking ahead, Disney remains optimistic about its growth prospects, aiming for high-single-digit adjusted EPS growth in fiscal 2025 and significant investments in cash flow and capital expenditures. The company continues to focus on leveraging its vast array of entertainment assets to drive shareholder value and maintain its competitive edge in the industry.
