Disney has reported a robust financial performance for fiscal year 2024, with total revenues increasing by 3% to $91.4 billion compared to the previous year. The company's net income saw a significant jump, rising by 70% to $5.773 billion, while net income attributable to Disney surged by over 100% to $4.972 billion. Diluted earnings per share also more than doubled, climbing from $1.29 to $2.72. The revenue growth was primarily driven by a 3% increase in service revenues, which reached $81.8 billion due to higher subscription revenue and growth in parks and experiences businesses. Despite a decrease in theatrical distribution revenue, the company's cost of services decreased by 1%, contributing to the overall profit increase. Disney's restructuring and impairment charges decreased by 8% to $3.595 billion, and the company also reported...Show More

Disney has reported a robust financial performance for fiscal year 2024, with total revenues increasing by 3% to $91.4 billion compared to the previous year. The company's net income saw a significant jump, rising by 70% to $5.773 billion, while net income attributable to Disney surged by over 100% to $4.972 billion. Diluted earnings per share also more than doubled, climbing from $1.29 to $2.72. The revenue growth was primarily driven by a 3% increase in service revenues, which reached $81.8 billion due to higher subscription revenue and growth in parks and experiences businesses. Despite a decrease in theatrical distribution revenue, the company's cost of services decreased by 1%, contributing to the overall profit increase. Disney's restructuring and impairment charges decreased by 8% to $3.595 billion, and the company also reported a decrease in depreciation and amortization expenses. The company's future plans include continued investment in direct-to-consumer offerings, expecting these investments to offset declines in linear network subscribers and viewership. Disney's capital expenditures are projected to increase significantly in fiscal 2025, primarily due to expansion in cruise ship fleet and new guest offerings at theme parks.