Disney's Q4 2024 results showed a 6.3% revenue increase to $22.57 billion, surpassing forecasts, despite earnings per share falling short of expectations. Streaming operations, particularly Disney+, showed growth with Disney+ Core subscribers reaching an all-time high of 122.7 million, offsetting declines in low-value Hotstar users. Theme parks and theatrical distribution saw mixed results, with domestic and international parks performing well and theatrical revenue nearly tripling year-over-year.
The Disney Adventure starts at $958 for two people, but rates go higher for those who want ocean views, verandahs and "Frozen" themed suites.
Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Johnston said in a call it's "generally beneficial" for Disney when other attractions open in Central Florida.
The Walt Disney Company's strong DTC growth and margin expansion drive a “Strong Buy” rating with a fair value of $130 per share. The company reported 21.3% growth in adjusted operating profits for FY24, fueled by robust Disney+ subscriber growth and improved free cash flow margins. Disney anticipates double-digit adjusted EPS growth for FY26 and FY27, with significant investments in parks and cruise lines to sustain market leadership.
Disney (DIS) shares gain after the company announced an earnings beat and provided a promising outlook. "The magic is back at Disney," the company's CFO Hugh Johnston tells Yahoo Finance.
Disney's Q4 and full fiscal year results were exceptionally well-received by the market, but I remain skeptical. FY 2025 outlook is nothing to brag about, and DIS is very generously priced on a free cash flow basis. On top of that, margin improvements are unlikely to persist for long, which is quite concerning for long-term investors.
For Disney's fiscal 2025, streaming will generate enough operating income to offset the parallel decline in operating income from linear TV, CFO Hugh Johnston said in an interview. Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024.
BofA Securities analyst Jessica Reif Ehrlich reiterated a Buy rating on Walt Disney Co DIS with a price target of $120.
Walt Disney Co. Chief Financial Officer Hugh Johnston says that the company sees a "terrific future" in streaming. He's also bullish on the future of ESPN and its movie business.
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss why Disney is soaring today.
Disney (DIS) shares are trading higher after the company reported better-than-expected quarterly results and provided strong guidance. Disney CFO Hugh Johnston sits down with Yahoo Finance's Executive Editor Brian Sozzi to discuss the print and what's next for the company.