Disney reports revenue at $14.3B in Q4, up 12% YoY

Business 11/8/2018, 10:06 PM
Disney reports revenue at $14.3B in Q4, up 12% YoY

The Walt Disney Company announced on Thursday its revenue for the fourth quarter of 2018 amounted to $14.3 billion, marking an increase of 12% on an annual basis. The entertainment company reported earnings per share (EPS) for the final quarter of fiscal 2018 stood at $1.55, increasing 37% year over year. Its net income reached a figure of $2.3 billion, 33% higher compared to the fourth quarter of 2017.

Media Networks made a revenue of $5.9 billion, while Parks and Resorts' revenue amounted to $5.07 billion, both increasing 9% annually. Studio entertainment marked a significant 50% increase in revenue, to reach a figure of $2.2 billion. Studio Entertainment's operating income also marked a significant 100% growth, to $596 million.

"We’re very pleased with our financial performance in fiscal 2018, delivering record revenue, net income and earnings per share," Disney CEO Robert Iger commented on the financial release. "We remain focused on the successful completion and integration of our 21st Century Fox acquisition and the further development of our direct-to-consumer business, including the highly anticipated launch of our Disney-branded streaming service late next year," he pointed out.

Disney shares traded 1.31% in the green during the after-hours trading, shortly after the financial report was published.

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