Disney (DIS) blows past profit estimates for Q4 on solid revenue gains across segments. Close to half of the company's profit was derived from Media Networks, led by ESPN once again.
Disney segment revenue: Parks and Resorts +6% to $3.98B; Studio Entertainment 23% to $1.89B; Media Networks +4% to $5.29B; Consumer Products +11% to $1.13BM; Interactive +388% to $403M.
Frozen and Thor: The Dark World drove studio revenue and the company noted a boost from SVOD. Marketing costs were lower during the period with Disney placing just a few high-stakes movie bets.
Theme parks saw increased guest spending and higher ticket prices. The rate of growth for the segment beat Universal's handily for an overlapping period.
DIS +1.9% AH.