Disney’s Strategic Shifts Drive Strong Q4 and Full-Year 2024 Earnings, Streaming Profits Soar

Published on 11/14/24 by Craig Smith

The Walt Disney Company reported robust financial results for the fourth quarter and full fiscal year 2024, underscoring the effectiveness of its strategic initiatives.

Fourth-quarter revenues rose by 6% to $22.6 billion, while full-year revenues increased by 3% to $91.4 billion. Adjusted earnings per share (EPS) saw significant growth, climbing 39% to $1.14 in Q4 and 32% to $4.97 for the year.

A key highlight was the turnaround in Disney’s streaming segment, which achieved an operating income of $321 million in Q4, marking a substantial improvement from previous losses. This success was bolstered by the strong performance of Disney+ and Hulu, which collectively reached 174 million subscriptions. The company’s film division also excelled, with blockbusters like Pixar’s “Inside Out 2” and Marvel’s “Deadpool & Wolverine” breaking box office records and contributing to $316 million in operating income for content sales and licensing.

Despite a slight decline in operating income within the Experiences segment, Disney’s theme parks and related businesses achieved record revenue and operating income for the full year. CEO Bob Iger expressed confidence in the company’s trajectory, stating that Disney has “emerged from a period of considerable challenges and disruption well positioned for growth and optimistic about our future.”

Please visit our Disney Annual Revenue post for more details and historical data.

• News Topic: Disney Company News