The Walt Disney Company Empire is focused on bringing family entertainment and magic across all of their different subdivisions. From theme parks, to movies and television, merchandise and now the launch of a streaming platform. But make no mistake, this is a company and as such the mighty dollar and earnings are very important to shareholders and top of the line executive. Today we have the numbers from the 4th quarter, from June to September of 2019:
The Burbank entertainment company posted profit of $1.07 a share for the three months that ended in September. Though that was down 28% from the same period a year ago, the results exceeded the 94 cents a share that analysts were expecting. Revenue for the quarter grew 34% to $19.1 billion.
Quarterly results were boosted by a big showing from Disney’s film studio business, which had major hits including “The Lion King,” “Aladdin” and “Toy Story 4.” The studio delivered operating profit that soared 79% to $1.08 billion on revenues of $3.3 billion. However, the studio took a hit from movies from the 20th Century Fox studio, which lost $120 million in the quarter, the company said. Fox flops included the Brad Pitt space movie “Ad Astra.”
As far as theme parks growth it was due to increases from merchandise licensing, plus gains at the Disneyland Resort and Disney Vacation Club.
Disneyland saw lower attendance, but increased guest spending.
DVC saw higher sales for Disney’s Riviera Resort in the quarter.
Quarterly results for Walt Disney World was comparable the previous year, despite the affect of Hurricane Dorian.
Results at international parks were also comparable to the previous year.
Numbers at a glance:
- Parks, Experiences, and Consumer Products: 8% growth in revenues and 17% growth in operating income for the 4th quarter; 6% growth in revenues and 11% growth in operating income for the fiscal year
- Direct-to-Consumer and International: 316% growth in revenues and 118% decrease in operating income for the 4th quarter; 174% growth in revenues and 146% decrease in operating income for the fiscal year
- Media Networks: 22% growth in revenues and 3% decrease in operating income for the 4th quarter; 13% growth in revenues and 2% increase in operating income for the fiscal year
- Studio Entertainment: 52% growth in revenues and 79% increase in operating income for the 4th quarter; 11% growth in revenues and 11% decrease in operating income for the fiscal year
- 21st Century Fox: This is the second quarter numbers have been reported, so there is no comparison to last year