Disney (DIS) Q3 2024 Earnings Breakdown

Key Highlights:

• Strong Financial Performance: Revenue increased 6% in Q4 to $22.6 billion and 3% for the full year to $91.4 billion. Adjusted EPS grew 39% in Q4 to $1.14 and 32% for the full year to $4.97.
• Entertainment Segment Rebound: Operating income surged to $1.1 billion, an increase of $0.8 billion compared to Q4 2023, driven by strong box office performance of films like "Inside Out 2" and "Deadpool & Wolverine", and improved profitability in the Direct-to-Consumer (DTC) businesses.
• DTC Growth and Improved Profitability: DTC delivered a 14% increase in ad revenue, leading to $253 million in operating income. Combined DTC streaming businesses improved profitability, with operating income reaching $321 million in Q4.
• Disney+ Subscriber Growth: Disney+ Core and Hulu subscriptions reached 174 million, with Disney+ Core paid subscribers surpassing 120 million, a 4.4 million increase from the previous quarter.
• Experiences Segment Sets Records: The Experiences segment achieved record revenue and operating income for the full year, driven by strong guest spending at domestic parks.
• Positive Outlook: The company expresses confidence in its long-term prospects and projects continued growth in fiscal 2025 and beyond.