Disney Reports Increased Revenue For Q4
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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