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The Walt Disney Company Reports Q4 Revenue Growth

The Walt Disney Company Reports Q4 Revenue Growth twdc-the-walt-disney-company

The Walt Disney Company has released its Q4 earnings report today, with the organization already making headlines with its shift in earnings figures. According to the report, “Revenues for the quarter and year grew 5% and 7% compared to the prior-year quarter and prior year, respectively.” Critical points for the release were as follows:

Key Points:

  • Disney+ added nearly 7 million core subscribers in the fourth quarter. Key streaming content in the
    quarter included theatrical titles Elemental, Little Mermaid, and Guardians of the Galaxy Vol. 3., original
    series Ahsoka and the Korean original series Moving.
  • We continue to expect that our combined streaming businesses will reach profitability in Q4 of FY24,
    although progress may not look linear from quarter to quarter.
  • Domestic ESPN revenue and operating income grew year over year in both fiscal year 2022 and fiscal
    year 2023, demonstrating the value of sports and the power of the ESPN brand.
  • Experiences operating income increased by over 30% versus the prior-year quarter, with year over year
    growth across all international sites, Disney Cruise Line, Disney Vacation Club and Disneyland Resort. At
    Walt Disney World, we continue to manage against wage inflation and challenging comparisons to the
    prior year from the 50th anniversary celebration.
  • We continue to aggressively manage our cost base, and have increased our annualized efficiency target
    to $7.5 billion, versus $5.5 billion previously.
  • We expect to grow free cash flow in fiscal 2024 significantly versus fiscal 2023, approaching levels last
    seen pre-pandemic. This continued robust free cash flow growth, alongside our strong balance sheet,
    will position us well to address our investment and shareholder goals for the year and going forward.
Walt Disney Company

The following table summarizes the fourth quarter and the full-year segment revenue and operating income (loss) for fiscal 2023 and 2022:

The Walt Disney Company Reports Q4 Revenue Growth TWDC-4Q-Earnings-Large

Zoë Wood is a travel writer from Sydney, Australia. Since her first visit to Disneyland at the age of 6, she has spent her years frequently visiting Disney Parks and traveling around the world.

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