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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Thursday Nov 14, 2024
Thursday Nov 14, 2024
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.
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