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Walt Disney Reports $2.6 Billion Quarterly Profit, Buoyed by content streaming segment
By USinMinutes - Feb 05, 2025, 06:42 AM ET
Last Updated - Feb 06, 2025, 07:49 AM EST
The company records $24.7 billion revenue for Q1 ended Dec 28, 2024
Walt Disney Co [DIS] has reported $2.6 billion profit for Q1 ended Dec 28, 2024, showing an increase of $493 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 5, 2025, that it generated revenue of $24.7 billion for the period, showing an increase of $1.1 billion in the same quarter of the previous year.
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Based in Burbank, California, the company reported $1.4 earnings per share for the period, compared to $1 in the same quarter of the previous year.
The company's profit increased by 22.92% from $2.2 billion in the last quarter.
The revenue increased 4.84% from $23.5 billion in the same quarter of the previous year.
“Our results this quarter demonstrate Disney’s creative and financial strength as we advanced the strategic initiatives set in motion over the past two years,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. “In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN’s digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth.”
The company's revenue from the entertainment segment increased 9 percent year over year to $10.87 billion while revenue from experiences segment rose 3 percent year over year to $9.4 billion. Sports segment witnessed a marginal increase to $4.85 billion from $4.83 billion. The eliminations losses year over year to $447 million from $399 million.
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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