The Walt Disney Company Reports Fourth Quarter and Year-End Earnings for Fiscal 2014

The Walt Disney Company has released its fiscal year 2014 fourth quarter and year-end earnings and the report showed an 8 percent increase in revenue to a record $48.8 billion and a 22 percent increase in income to a record $47.5 billion.

This is the fourth consecutive year of record performances for DisneyThis is the fourth consecutive year of record performances for Disney

Disney Chairman and CEO Bob Iger said the results for fiscal 2014 were the highest in the company's history and it was the fourth consecutive year of record performances. Iger said the results were due to the company's "extraordinary quality" of content and its "focus on embracing and adapting to emerging consumer trends and technology."

Revenue for the Parks and Resorts segment increased 7 percent to $4 billion while operating income increased 30 percent to $687 million for the quarter. Operating income growth for the quarter was due to an increase in the domestic operations.

Higher operating income was due to increased guest spending and attendance and was partially offset by higher costs and lower vacation club ownership. The increase in guest spending was partially due to average higher ticket prices and increased food, beverage, and merchandise spending.

The decrease in vacation club ownership reflects the prior fiscal year success of sales at The Villas at The Grand Floridian.

Studio entertainment increased 18 percent to $1.8 billion while operating income increased $146 million to $254 million. The higher worldwide theatrical distribution results were due to the success of Maleficent and Guardians of the Galaxy, compared to Monsters University and The Lone Ranger in the previous year quarter.

The company's Interactive segment saw an increase in operating income to $18 million thanks in part to the popular plush Tsum Tsum toys. However, the Interactive segment saw a decrease of revenue for the quarter of $34 million due in part to lower Disney Infinity performance.


Kristen K. wrote on Fri, 11/14/2014 - 18:12:

Kristen K.'s picture

Looking good!

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