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Disney Reports Increased Revenue For Q4

News 08-Nov-2019

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Disney have reported their Q4 earnings, showing strength across all parts of the business.

Walt Disney Company: Q4 Non-GAAP EPS of $1.07 ($0.97 estimate)

Revenue of $19.1B (+33.5% Y/Y) (beats estimates by $80M).

Shares are up +3.4%.

Focusing on the "Parks, Experiences and Products" segment, revenue was up 8% to $6.66B. Attendance was on par with last year, but increased guest spending, especially at Disneyland California, alongside merchandise licensing and DVC purchases, were the main drivers behind revenue growth.

Source: Seeking Alpha

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