Disney’s Q4 Earnings Report: Revenue Soars, Disney+ Skyrockets, Parks Thrive! | Forexlive
Hey Disney fans and traders on the go! đ˘đŹ Letâs dive into the quick takeaways from The Walt Disney Companyâs latest earnings report for Q4 and the full fiscal year 2023:
đ Revenue is up, folks! Q4 saw a 5% increase, while the full year jumped by 7% compared to last year.
đ EPS (Earnings Per Share) saw a bit of a roller coaster ride. Q4âs EPS from continuing operations rose to $0.14 from $0.09 a year ago. However, the annual figure dipped to $1.29 from $1.75.
đ When we strip out some items, the adjusted EPS for Q4 soared over 100% to $0.82, and for the full year, itâs up to $3.76 from $3.53.
đ Disney+ is grabbing subscribers like itâs collecting Infinity Stones – adding nearly 7 million in Q4! The content galaxy expanded with hits like âElemental,â âLittle Mermaid,â âGuardians of the Galaxy Vol. 3,â âAhsoka,â and âMoving.â
đ ESPN is scoring with increased revenue and operating income – proving sports are still king!
đ° Theme parks and experiences? Thriving! Operating income shot up over 30% for Q4. Disney is navigating through wage inflation and the end of its 50th-anniversary celebrations.
đ¸ In the money department, Disney is sharpening its pencils, upping its cost savings target to a whopping $7.5 billion.
đ° And for you free cash flow lovers, Disney is eyeing significant growth in 2024, aiming to match those pre-pandemic highs.
CEO Bob Iger is pumped about the progress and sees a strong foundation for growth. The focus? Streaming profitability, making ESPN the top digital sports platform, better movie studio economics, and supercharging the parks and experiences segment.
Thatâs it – your Disney earnings in a magical nutshell! đâ¨
Keep your eyes peeled for whatâs next; Disneyâs not slowing down in the streaming race or the theme park thrills. And investors? Get ready for a potentially exciting ride ahead! đ˘đ
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