Disney reports fourth quarter earnings

The Walt Disney Company continued to post strong numbers during its fiscal fourth quarter 2015, aided by substantial gains in its theme park division. 

Epcot 2014

Disney's Parks & Resorts division, which includes the Disney Vacation Club timeshare segment, saw its revenue increase 10% over the same period last year to $4.4 billion.  Profits for the quarter rose to $738 million, an increase of 7% over 2014.  

Domestic theme park attendance was up 15%, although it benefitted from an extra week in the 4th quarter 2015.  Adjusting for the additional week, attendance was still up by 7%.  Attendance figures include the Walt Disney World and Disneyland parks.  The Disneyland 60th anniversary celebration was cited as a driver of domestic attendance gains.  

Average guest spending rose by 7% with average hotel occupancy at 84% for the quarter.

Disney does not report financial details for the Disney Vacation Club unit.  

Despite concerns over ESPN, operating income for Disney's media networks rose by 27% to $1.8 billion.  

Revenues for the feature film unit remained were unchanged with "Inside Out" and "Ant-Man" the quarter's big tentpoles.  Nevertheless, profits for the Studios rose from $254 million in 2014 to $530 million in the same period 2015.  

Company-wide, revenues increased 9% to $13.5 billion for the quarter while net income was up 7% to $1.6 billion.  Numbers for the entire fiscal year 2015 showed a 7% increase in revenue and 12% increase in profits over fiscal 2014.  

Reader Comments
Disney reports fourth quarter earnings -- DVCNews
2015 Nov 06 11:30:05 AM
The Walt Disney Company continued to post strong numbers during its fiscal fourth quarter 2015, aided by substantial gains in its theme park division.

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Re: Disney reports fourth quarter earnings -- DVC Mike
2015 Nov 06 06:11:33 PM
Should we be surprised? The parks are packed.
Re: Disney reports fourth quarter earnings -- bakerworld
2015 Nov 08 09:28:22 AM
Are these earnings a bit lower - thought the previous earnings have been double digits?
Re: Disney reports fourth quarter earnings -- denlo
2015 Nov 08 11:14:13 AM
Good question, but I can't find an article on the 2014 earnings. We seem to have articles on every year back to at least 2008 though. The 2014 article(s) must be label differently.
Re: Disney reports fourth quarter earnings -- Brad1972
2015 Nov 09 11:02:27 AM
bakerworld wrote:
Are these earnings a bit lower - thought the previous earnings have been double digits?

According to the article, revenues increased by 10% and profits increased by 7%. Even if the increase is at a lower rate than prior experience, it's still an increase. Hopefully the higher profits will lead to increased investment in their park assets.

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