On November 14, 2024, The Walt Disney Company (Disney) released its earnings report for the fourth quarter and full fiscal year ended September 28, 2024. The report showed a revenue increase of 6% for the quarter to $22.6 billion and a 3% increase for the year to $91.4 billion. However, income before income taxes declined 6% to $0.9 billion in Q4, while the full-year income before taxes increased 59% to $7.6 billion. Diluted earnings per share (EPS) for Q4 increased 79% to $0.25, and for the year, it more than doubled to $2.72. The entertainment segment saw significant operating income improvement, with strong growth in direct-to-consumer (DTC) ad revenue and operating income. Disney ended the quarter with 174 million Disney+ Core and Hulu subscriptions, and more than 120 million Disney+ Core paid subscribers, an increase of...Show More

On November 14, 2024, The Walt Disney Company (Disney) released its earnings report for the fourth quarter and full fiscal year ended September 28, 2024. The report showed a revenue increase of 6% for the quarter to $22.6 billion and a 3% increase for the year to $91.4 billion. However, income before income taxes declined 6% to $0.9 billion in Q4, while the full-year income before taxes increased 59% to $7.6 billion. Diluted earnings per share (EPS) for Q4 increased 79% to $0.25, and for the year, it more than doubled to $2.72. The entertainment segment saw significant operating income improvement, with strong growth in direct-to-consumer (DTC) ad revenue and operating income. Disney ended the quarter with 174 million Disney+ Core and Hulu subscriptions, and more than 120 million Disney+ Core paid subscribers, an increase of 4.4 million over the prior quarter. Films such as Pixar's 'Inside Out 2' and Marvel's 'Deadpool & Wolverine' contributed to the success, breaking box office records. The sports segment saw a slight decline in operating income, while the experiences segment reported record revenue and operating income for the full year, despite a slight decline in Q4. Looking ahead, Disney is confident in its long-term prospects and has outlined growth targets for fiscal years 2025 to 2027, including high-single digit adjusted EPS growth for fiscal 2025 and double-digit adjusted EPS growth for fiscal 2026 and 2027.