Disney Reports Increased Revenue For Q4
8% growth in revenue across the Disney parks, experiences and products segment of the business.
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