Summary by Moomoo AI
Disney has reported a robust financial performance for fiscal year 2024, with total revenues increasing by 3% to $91.4 billion compared to the previous year. The company's net income saw a significant jump, rising by 70% to $5.773 billion, while net income attributable to Disney surged by over 100% to $4.972 billion. Diluted earnings per share also more than doubled, climbing from $1.29 to $2.72. The revenue growth was primarily driven by a 3% increase in service revenues, which reached $81.8 billion due to higher subscription revenue and growth in parks and experiences businesses. Despite a decrease in theatrical distribution revenue, the company's cost of services decreased by 1%, contributing to the overall profit increase. Disney's restructuring and impairment charges decreased by 8% to $3.595 billion, and the company also reported...Show More
