Market Overview

Disney Earnings Follow-Up

Share:
Disney Earnings Follow-Up
Related DIS
Is There No End To Hollywood's Obsession With Sequels?
NBA Payroll Set For Large Increase
Film industry not spared from Brexit impacts (Seeking Alpha)

The Walt Disney Company (NYSE: DIS) reported its fourth quarter and full year earnings for fiscal 2013.

Fourth Quarter Earnings:

  • Disney reported Q4 EPS of $0.77 versus $0.76 estimate and revenue of $11.60 billion versus $11.40 billion estimate. EPS were up 13 percent from the same quarter last year and sales were up 8 percent year over year.
  • Media networks revenue increased 1 percent to $4.9 billion. Media network segment operating income was $1.4 billion, an 8 percent decrease.
  • Revenues increased 5 percent to $20.4 billion segment operating income increased 3 percent to $6.8 billion.
  • Cable network operating income decreased to $95 million.
  • Broadcasting operating income decreased $34 million to $158 million based on an increase in primetime programming costs.
  • Park and Resorts revenues increased to $3.7 billion, and operating income increased to $571 million.

Full Year Earnings:

  • Revenue was a record $45 billion, up 7 percent.
  • EPS were also record high at $3.38 versus $3.13 last year, an 8 percent increase.
  • Cable network operating income increased $343 million to $6 billion due to ESPN growth.
  • Broadcasting operating income decreased $144 million to $771 million based on an increase in primetime programming costs and lower program sales.
  • Park and Resorts revenues increased to $14.1 billion, and operating income increased to $2.2 billion.

Posted-In: Earnings News

 

Related Articles (DIS)

View Comments and Join the Discussion!