Summary by Moomoo AI
On November 14, 2024, The Walt Disney Company (Disney) released its earnings report for the fourth quarter and full fiscal year ended September 28, 2024. The report showed a revenue increase of 6% for the quarter to $22.6 billion and a 3% increase for the year to $91.4 billion. However, income before income taxes declined 6% to $0.9 billion in Q4, while the full-year income before taxes increased 59% to $7.6 billion. Diluted earnings per share (EPS) for Q4 increased 79% to $0.25, and for the year, it more than doubled to $2.72. The entertainment segment saw significant operating income improvement, with strong growth in direct-to-consumer (DTC) ad revenue and operating income. Disney ended the quarter with 174 million Disney+ Core and Hulu subscriptions, and more than 120 million Disney+ Core paid subscribers, an increase of...Show More