Disney Reports Record Earnings for Fiscal Year 2024

Strong Performance Across All Business Segments

The Walt Disney Company reported earnings for its fourth quarter and full year, ending March 31, 2024, today.

Key Financial Highlights:

• Revenue: $89.203 billion, a 25.5% increase year-over-year.
• Net income: $23.513 billion, a 26.1% increase year-over-year.
• Diluted earnings per share: $11.41, a 26.0% increase year-over-year.

Business Segment Performance

All of Disney's business segments contributed to the company's strong financial performance.

Media and Entertainment Distribution:

• Revenue: $47.196 billion, a 15.5% increase year-over-year.
• Operating income: $16.633 billion, a 13.8% increase year-over-year.
• Growth driven by Disney+, which added 146.1 million subscribers during the year.

Parks, Experiences and Products:

• Revenue: $28.685 billion, a 29.1% increase year-over-year.
• Operating income: $10.598 billion, a 33.3% increase year-over-year.
• Growth driven by increased attendance at Disney's theme parks and resorts.

Other Businesses:

• Revenue: $13.322 billion, a 13.2% increase year-over-year.
• Operating income: $4.282 billion, a 15.6% increase year-over-year.
• Growth driven by strong performance in the company's cruise line business.

Outlook

Disney remains optimistic about its future prospects.

The company expects continued growth in its streaming business, driven by the upcoming launch of new content and the expansion of its international presence.