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Feb 15, 2024 · Disney (DIS 5.46%) is the largest entertainment company in the world with an unmatched content library, 12 destination theme parks, and a plethora of subsidiaries. All of its parts work together ...
- Disney’s Financials
- Disney’s Business Segments
- Entertainment: Linear Networks
- Entertainment: Direct-To-Consumer
- Entertainment: Content Sales/Licensing and Other
- Sports
- Experiences
- Disney’s Recent Developments
- The Bottom Line
In early February 2024, Disney announced financial results for the first quarter (Q1) of the fiscal year (FY), the three-month period ended Dec. 30, 2023. The company posted net income of $2.15 billion, up almost 58%. Revenue rose less than 1% year over year (YOY) to $23.55 billion. Disney uses operating incomeas the profit metric for its business ...
Disney reorganized its reportable business segments starting in fiscal 2023. The company now operates through three main business segments: Entertainment, Sports, and Experiences (formerly Disney Parks, Experiences, and Products). The first of these segments, which is composed of Disney’s media and entertainment businesses, is further separated int...
Disney’s Linear Networks segment includes its domestic and international cable networks such as Disney, ESPN, and National Geographic; ABC broadcast television network, eight domestic television stations, and a 50% equity investment in A+E Television Networks. The Linear Networks segment posted revenue of $2.8 billion in Q1 FY 2024, only slightly l...
Disney’s Direct-to-Consumer (DTC) segment is composed of its various streaming services, including Disney+; Disney+ Hotstar; ESPN+; Hulu; and Star+. The DTC segment posted revenue of $5.55 billion in Q1 FY 2024, up 15% from the same three-month period a year ago. The segment reported an operating lossof $138 million, widening from the operating los...
Disney’s Content Sales/Licensing and Other segment sells film and television content to third-party TV and subscription video-on-demand (VOD) services. The segment also includes the following operations: theatrical distribution; home entertainment distribution, such as DVD and Blu-ray; music distribution; staging and licensing of live entertainment...
Disney's Sports division is comprised solely of ESPN, the group of sports channels it has owned since 1995, plus the ESPN Wide World of Sports Complex at Walt Disney World in Orlando. Disney's Sports division increased revenue by 4% to about $4.8 billion in the first quarter of its fiscal year 2024. The breakout of Sports into a standalone division...
Disney’s Experiences segment includes its theme parks and resorts in Florida, California, Hawaii, Paris, Hong Kong, and Shanghai. It also includes a cruise line and vacation club. Revenue comes mainly from selling theme park admissions, food, beverages, various merchandise, resort and vacation stays, and royalties from licensing intellectual proper...
In Disney’s fiscal Q1 earnings report released on Feb. 7, 2024, the company discussed the performance of its DTC business. Total subscriptions across Disney+ and Hulu rose less than 1% YOY to 199.3 million subscribers. Disney+ finished the quarter with 149.6 million subscribers, up less than 1% YOY. On Jan. 19, 2022, Disney announced that it was cr...
More than 80 years after it went public, the Walt Disney Co. remains a blue-chip, dividend-paying favorite among investors, with a place on the Dow Jones Industrial Average and the S&P 500 Index. Still, the bigger Disney gets the tougher its competitive landscape becomes. Premium cable is a particularly tough nut to crack, as Disney learned when it...
Apr 3, 2024 · Disney used unconventional financial principles to calculate its performance in a flattering business presentation designed to convince stockholders to vote in its favor at its annual meeting today.
Nov 8, 2023 · At Walt Disney World, we continue to manage against wage inflation and challenging comparisons to the prior year from the 50 th anniversary celebration. We continue to aggressively manage our cost base, and have increased our annualized efficiency target to $7.5 billion, versus $5.5 billion previously.
Feb 8, 2024 · Disney's investment in the gaming sector is at the forefront of these initiatives through a significant $1.5 billion stake in Epic Games, the powerhouse behind Fortnite. This venture goes beyond a ...
Dec 11, 2019 · If Disney earns a 12% ROIC (in-line with its 2018 ROIC) on the $71 billion Fox acquisition, the company will earn an additional $8.5 billion in after-tax operating profit (NOPAT), a 78% increase ...
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Aug 7, 2024 · See the discussion on pages 17 through 21 for how we define and calculate these measures and a quantitative reconciliation thereof to the most directly comparable GAAP measures. Guidance and Outlook: As a result of our strong consolidated financial performance in the third quarter, and supported by our balanced portfolio of assets, our new full year adjusted EPS (1) growth target is now 30%.
