ToplineDisney expects a more than $1 billion profit in its streaming division for its 2025 fiscal year, the company said Thursday in its quarterly earnings release, much to the delight of investors.A fireworks display at Shanghai Disney Resort on Tuesday.VCG via Getty Images Key FactsShares of Disney climbed 10% to $113 at market open, hitting its highest intraday share price since early May as Wall Street responded favorably to better-than-expected quarterly earnings and guidance. The company said it expe ...

Walt Disney is trying to roll the credits on its years-long battle to reassure Wall Street and Hollywood that it can dominate a new era of entertainment.The Magic Kingdom, which rarely issues guidance on future profits, told shareholders it expects an acceleration over the coming years – with “double-digit percentage growth” in adjusted earnings in 2026 and 2027.Shares in Disney rallied more than 9% during pre-market trading on Wednesday after it beat analysts’ expectations in the fourth quarter, with sales ...

Financial Performance - The company's combined DTC streaming businesses were profitable in Q4'24[7] - Combined DTC streaming businesses improved year over year by over $700 million to $321 million in Q4'24[7] - Diluted EPS excluding certain items was $1.14 in Q4'24, a 39% increase compared to $0.82 in Q4'23[16, 17] - Total segment operating income increased by 23% to $3.7 billion in Q4'24 from $3.0 billion in Q4'23[14, 16] - For the full year, diluted EPS excluding certain items was $4.97, a 32% increase compared to $3.76 in FY23[20, 25] - Total segment operating income for the full year increased by 21% to $15.6 billion in FY24 from $12.9 billion in FY23[19, 25] Direct-to-Consumer (DTC) Streaming - Disney+ domestic subscribers increased by 1.3 million compared to the prior quarter[32] - Disney+ international subscribers increased by 3.2 million compared to the prior quarter[32] - Total Hulu subscribers increased by 0.9 million vs the prior quarter[35] Content and Experiences - Disney became the first studio to cross $4 billion at the global box office this year[5]

Walt Disney (DIS) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.59%. A quarter ago, it was expected that this entertainment company would post earnings of $1.20 per share when it actually produced earnings of $1.39, delivering a surprise of 15.83%.Over the last four quarters, the ...

Group 1 - The article suggests that Disney has experienced significant volatility in its stock performance over the past five years, indicating a challenging investment environment [1] - The comparison of Disney characters implies that the company's recent performance may be more aligned with lesser-known characters rather than its iconic figures, reflecting investor sentiment [1] Group 2 - The author emphasizes the importance of understanding market narratives and adapting investment strategies accordingly, highlighting a non-traditional approach to income investing [2]

Just a year ago, Disney CEO Bob Iger was in the midst of an ongoing apology tour for the studio after string of tepid box office returns. At a conference last November, he acknowledged that things had a taken a downturn and promised, as he had been doing regularly, that Disney will be stressing quality over quantity after The Marvels, the latest Indiana Jones and a handful of other films disappointed.  “I’ve been very public about it saying, and I would say right now, my number one priority is to help the ...

Shares of The Walt Disney Company (DIS) rose in premarket trading Thursday as revenue and adjusted profit topped analysts' estimates. The entertainment giant reported $22.57 billion in revenue, up from $21.24 billion last year and narrowly above the $22.50 billion analysts expected, according to Visible Alpha. Disney posted net income of $460 million, or 25 cents per share, well below estimates of $1.74 billion, or $0.96 per share. After accounting for about $1.5 billion in one-time charges like restructur ...

Group 1: Merger Overview - Reliance and Disney have completed a significant merger in the Indian media sector, creating an entertainment entity valued at $8.5 billion that will dominate streaming and television markets in India [1][2] - The joint venture will control approximately 85% of India's streaming market and about 50% of television viewership [1] Group 2: Financial and Operational Details - Reliance has invested $1.4 billion in the venture, holding a 63.16% stake, while Disney retains 36.84% [2] - The merger results in the largest media group in India, generating annual revenues of $3.1 billion, combining JioCinema, Hotstar, and over 100 television channels [3] Group 3: Leadership and Management - Nita Ambani will chair the joint venture, with Uday Shankar as vice-chair and Kevin Vaz, Kiran Mani, and Sanjog Gupta overseeing various operational aspects [5] Group 4: Strategic Implications - The joint venture consolidates control over valuable media rights, including major cricket properties and global sports content [4] - Disney's CEO Robert Iger emphasized the expansion of their presence in the Indian media market through this partnership [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Common Stock, $0.01 par value DIS New York Stock Exchange | --- | --- | |---------------------------------------------------|---------------------- ...

Financial Performance - Revenues increased 6% in Q4 to $22.6 billion from $21.2 billion in the prior-year quarter, and 3% for the year to $91.4 billion from $88.9 billion[2] - Income before income taxes declined 6% to $0.9 billion in Q4 from $1.0 billion in the prior-year quarter, but increased 59% for the year to $7.6 billion from $4.8 billion[2] - Diluted EPS for Q4 increased 79% to $0.25 from $0.14 in the prior-year quarter, and for the year more than doubled to $2.72 from $1.29[2] - Total segment operating income grew 23% in Q4 to $3.7 billion and 21% for the year to $15.6 billion[3] - Net income attributable to The Walt Disney Company increased to $460 million for the quarter ended September 28, 2024, compared to $264 million in the prior year[49] - Net income for the year ended September 2024 was $5,773 million, compared to $3,390 million for the year ended September 30, 2023, an increase of approximately 70.5%[54] - Reported diluted EPS for the quarter ended September 28, 2024, was $0.25, a 79% increase compared to the prior year[67] - Excluding certain items, diluted EPS for the same quarter was $1.14, reflecting a 39% increase year-over-year[67] - Total segment operating income for the year ended September 28, 2024, was $15,601 million, a 21% increase from $12,863 million in the prior year[72] - Cash provided by operations increased to $13,971 million in September 2024 from $9,866 million in September 2023, reflecting a growth of about 41.3%[54] Subscriber Growth - Disney+ Core and Hulu subscriptions reached 174 million, with over 120 million Disney+ Core paid subscribers, an increase of 4.4 million over the prior quarter[3] - Total paid subscribers for Disney+ reached 122.7 million, up 4% from the previous quarter[21] - ESPN+ paid subscribers increased by 3% to 25.6 million, but average monthly revenue per subscriber decreased by 5% to $5.94[29] - The company anticipates continued subscriber growth in its DTC services, although actual results may vary due to various market conditions and competitive pressures[80] Direct-to-Consumer Segment - Direct-to-Consumer operating income improved to $253 million from a loss of $420 million in the prior year, driven by subscription revenue growth and lower marketing costs[17][18] - DTC streaming businesses reported revenue of $6,296 million for the quarter ended September 28, 2024, a 13% increase from $5,553 million in the prior year[33] - DTC streaming businesses generated $253 million in revenue for the quarter, a significant drop from $321 million year-over-year, reflecting a decline of 21.2%[78] - DTC streaming businesses reported an operating loss of $143 million for the year, a deterioration from a profit of $134 million the previous year[78] - The company is focusing on strategic initiatives to enhance content offerings and improve profitability in its direct-to-consumer segment[80] Capital Expenditures and Investments - Targeting $3 billion in stock repurchases and approximately $8 billion of capital expenditures for fiscal 2025[6] - Total investments in parks, resorts, and other property increased to $5,412 million from $4,969 million, reflecting higher spending on cruise ship fleet expansion and new attractions[45] - Investments in parks, resorts, and other property amounted to $5,412 million in September 2024, compared to $4,969 million in September 2023, an increase of approximately 8.9%[54] - Future capital expenditures will be directed towards growth opportunities and market expansion, with an emphasis on new product development and technology advancements[80] Operating Income and Revenue Breakdown - Entertainment segment operating income improved significantly to $1.1 billion in Q4, up from $0.3 billion in the prior-year quarter[3] - Entertainment segment revenues increased by 14% year-over-year to $10,829 million, with Direct-to-Consumer revenues growing by 15% to $5,783 million[12] - Linear Networks revenues decreased by 6% to $2,461 million, with domestic revenues down 5% to $1,997 million and international revenues down 12% to $464 million[13] - ESPN segment revenues increased by 1% to $3,856 million, with domestic revenues slightly up by 1% to $3,492 million[26] - Parks & Experiences revenues grew by 1% to $8,240 million, with domestic parks revenue increasing by 3% to $5,521 million[30] - Domestic parks and experiences saw an increase in operating income driven by guest spending growth, despite lower sales of Disney Vacation Club units and higher costs due to inflation and new offerings[31] - International parks and experiences experienced a decrease in operating results due to lower attendance and increased costs, with a decline in per capita guest spending partially offset by higher per room spending at resorts[32][33] Cash Flow and Financial Position - Cash provided by operations increased by $4.1 billion to $14.0 billion, driven by lower production spending and higher operating income at Entertainment[43] - Total current assets decreased from $32,763 million in September 2023 to $25,241 million in September 2024, a decline of approximately 22.9%[52] - Cash and cash equivalents dropped significantly from $14,182 million to $6,002 million, representing a decrease of about 57.7%[52] - Total liabilities decreased from $101,622 million in September 2023 to $90,697 million in September 2024, a reduction of approximately 10.8%[52] - The company reported a total equity of $105,522 million as of September 28, 2024, up from $103,957 million a year earlier, indicating an increase of about 1.5%[52] Restructuring and Impairment Charges - Restructuring and impairment charges totaled $1,543 million, up from $1,021 million in the prior year, with significant impairments related to goodwill and content[35] - The company incurred restructuring and impairment charges of $1,543 million in the quarter ended September 28, 2024, compared to $965 million in the prior year, a 60% increase[72] - Charges for impairments included $1,545 million related to Star India and $1,287 million for goodwill in the current year[70] Future Outlook - Fiscal 2025 guidance includes high-single digit adjusted EPS growth and approximately $15 billion in cash provided by operations[6] - The company anticipates double-digit adjusted EPS growth for fiscal 2026 and 2027[6] - The company is committed to evaluating its performance metrics, particularly in the DTC segment, to provide clearer insights for investors[79] - The company will host a conference call on November 14, 2024, to discuss these results and future outlooks, accessible via their investor relations website[81]