Tue, Feb. 3, 4:24 PM
- Disney (NYSE:DIS) posts a huge beat of $1.27 (up 27%) on a record $13.39B in revenues, higher even than the top range of expectations for its fiscal Q1.
- Lots of strength in segment revenues: Media Networks up 11% to $5.86B; Parks and Resorts up 9% to $3.91B; Studio Entertainment down 2% to $1.86B; Consumer Products up 22% to $1.38B; Interactive down 5% to $384M.
- While revenues were off in Studio Entertainment and Interactive, operating income rose in both, 33% and 36% respectively.
- Free cash flow of $857M is up 55% from the prior year.
- Shares up 3.2% after hours, following today's 2.4% gain in the regular session.
- Press release
Tue, Feb. 3, 4:17 PM
Mon, Feb. 2, 5:35 PM
Nov. 7, 2014, 1:20 PM
- With Disney (DIS -2.7%) having gone into earnings right at an all-time high of $92.00, the media giant is seeing some profit-taking following a slight FQ4 EPS beat.
- FY15 spending guidance is an area of concern for some analysts. CFO Jay Rasulo stated on the CC (transcript) Disney expects FY15 capex to be up $1.5B Y/Y ($1.1B on an adjusted basis) thanks to Shanghai Disney investments, and that cable programming costs are expected to rise by a low-teens percentage due to NFL and college football deals. Also, pension expenses and forex are expected to have a $225M impact on op. profit.
- Sell-side reactions to the FQ4 numbers are generally positive. BofA/Merrill (Buy): "Accelerating Parks, improving cap. returns, an improving Studio outlook, solid Media Networks and better Interactive all offer neat-term upside, while Disney Shanghai and Marvel/Pixar/Lucas film releases and full [retransmission] offer a solid FY15E/16E." The firm's FY15 and FY16 EPS estimates have respectively been hiked by $0.11 and $0.19.
- FQ4 results, details
Nov. 6, 2014, 4:28 PM
- Disney (NYSE:DIS) saw a strong quarter for its Studio Entertainment segment help drive it to a small FQ4 earnings beat.
- Segment revenue growth: Media Networks +5% to $5.22B; Parks and Resorts +7% to $3.96B; Studio Entertainment +18% to $1.78B; Consumer Products +7% to $1.07B; Interactive -9% to $362M.
- Cable Networks revenue was up 6% while broadcasting revenue rose 5%. Higher programming costs at ESPN contributed to a 1% dip in operating income within the segment.
- Operating income +20% for Disney's theme parks business on higher guest spending.
- The global success of Frozen helped profit increase in both the Consumer Products and Studio Entertainment segments.
- Capex spending +18.4% Y/Y to $3.311B led by continued investment in Disney Shanghai.
- DIS -1.0% AH
Nov. 6, 2014, 4:17 PM
Nov. 5, 2014, 5:35 PM
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Aug. 5, 2014, 4:28 PM
- Disney (NYSE:DIS) rode a 105% jump in profit for it Studio Entertainment segment to a FQ3 earnings beat.
- Segment revenue growth: Media Networks +3% to $5.51B; Parks and Resorts +8% to $3,98B; Studio Entertainment +14% to $1,81B; Consumer Products +16% to $902B; Interactive +45% to $266M.
- Cable Networks operating income was off 7% at ESPN due to higher programming and production costs.
- The success of Frozen carried over into consumer product sales and is expected to still be a major factor in 2H.
- Disney Interactive churned up a small profit of $29M as select games sold well and costs were tightened. The segment is benefiting from a narrower focus.
- Capex spending came in at $2.248B, largely due to costs associated with the construction of Disney Shanghai.
- DIS -0.1% AH
Aug. 5, 2014, 4:16 PM
Aug. 4, 2014, 5:35 PM
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May 6, 2014, 4:31 PM
- Disney (DIS) puts in another powerhouse quarter with double-digit revenue growth and a healthy beat on the bottom line.
- Disney segment revenue: Parks and Resorts +8% to $3.30B; Studio Entertainment 35% to $1.80B; Media Networks +4% to $5.13B; Consumer Products +16% to $885M; Interactive +38% to $268M.
- Frozen and Thor: The Dark World both excelled at the global box office and gave a lift to consumer products in the quarter.
- ESPN advertising revenue was lower due to a decrease in ad units delivered, although ad rates were higher.
- Higher construction costs at Shanghai Disney drove capex spending to $1.359B.
- DIS +0.5% AH to $81.35.
May 6, 2014, 4:17 PM
May 5, 2014, 5:35 PM
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Feb. 5, 2014, 4:25 PM
- 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.
Feb. 5, 2014, 4:17 PM
Feb. 5, 2014, 12:10 AM
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Walt Disney Co, together with its subsidiaries, is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
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