Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
Disney reported Q4 earnings on Thursday beating estimates.
Key takeaways from the earnings report:
• EPS of $1.07 was reported versus 95 cents expected.
• Revenue of $19.1 billion was reported.
• The company’s media networks generated $6.5 billion in revenue for the quarter.
• Revenue of $6.7 billion was recorded for parks and resorts.
• Studio entertainment revenue recorded $3.3 billion for the quarter.
• The company witnessed declining tourism for Disney’s park in Hong Kong.
“Circumstances in Hong Kong have led to a significant decrease in tourism from China and other parts of Asia,” stated Christine McCarthy, CFO.
Disney released its earnings reports just before the launch of its streaming Disney+ service on November 12 featuring content from Disney, Pixar, Marvel, Star Wars and more. Disney+ to be distributed on Amazon’s Fire TV as well as through Samsung and LG smart TVs and will be available on Android, iPhone, iPad, Apple TV, and Roku devices.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!