The Walt Disney Company reported its third quarter earnings for fiscal 2024 on Wednesday. During the webcast, CEO Bob Iger and CFO Hugh Johnston showcased how Disney is in a unique position set for success in the rapidly evolving media landscape.
From movies to television, sports to news, theme parks to consumer products, Disney has an unmatched portfolio of businesses on Wednesday. Individually, each one of these businesses is at the top of their industry, but what makes Disney distinct is the way these businesses work seamlessly together to generate value. Our performance in Q3 demonstrates the strength of this complementary and balanced portfolio, as strength in our Entertainment segment and ESPN offset softer performance in our Experiences segment.
[The company’s performance in the third quarter] ‘demonstrates the progress we’ve made against our four strategic priorities across our creative studios, streaming, sports, and Experiences businesses.’
Bob Iger and Hugh Johnston
Disney’s Experiences division, leading the industry, keeps pushing new strategies to strengthen its connection with fans. By creating innovative and immersive experiences, Disney aims to “turbocharge” long-term growth. This involves expanding the company’s U.S. and international offerings, both on land and at sea, by introducing new experiences and attractions to increase capacity.
Disney also highlighted the Experiences segment investments through FY23 and FY24 and beyond with “more upcoming attractions and experiences” to be revealed this weekend at D23: The Ultimate Disney Fan Event coming up this weekend.
Senior Editor for the DIS and DCL Fan | Disney Vacation Club Member | Thrilled to have been a '13/'14 Disney Parks Moms Panelist (now planDisney) | Lover of all things Disney; the Magic of Disneyland, Walt Disney World, and Disney Cruise Line | ºoº
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