Sector: Communication Services|Industry: Entertainment|Market Cap: $208.08B|Employees: 233K
The Walt Disney Company is a diversified worldwide entertainment company operating in three segments: Entertainment, Sports, and Experiences. Its core business model revolves around producing and distributing film and episodic content, operating linear and direct-to-consumer networks, and managing theme parks and resorts. Disney's competitive advantages include its vast library of intellectual property and strong brand recognition. Key markets include the United States, Europe, and Asia.
Total revenues for the quarter ended December 30, 2023, were $23.549 billion, which is comparable to the $23.512 billion reported for the same quarter in the previous year, indicating stable top-line performance.
Net income attributable to Disney increased to $1.911 billion, a 49% increase from $1.279 billion in the prior-year quarter, driven by higher operating income in Entertainment, Experiences, and, to a lesser extent, Sports.
Diluted earnings per share attributable to Disney increased to $1.04, up 49% from $0.70 in the prior-year quarter, reflecting the improved profitability of the company.