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Walt Disney Mints Profits on Big Releases

Nov 07,2014  Company News  Comment: 0

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New York City, New York – (StockNewsDesk) – 11/07/2014 — Walt Disney reported profits and revenues that beat analysts’ expectations both for the fourth quarter and fiscal year. The company has produced and presented smashing hits at the box office 2014. On the back of these hits, Walt Disney’s profitability reached a four year high. Moreover, the company has maintained its profitability and has been in a place to beat the Street’s expectation for the last four years.

Disney Media Networks

In the fourth quarter, a segment of Walt Disney, Disney Media Networks, saw an increase of sales by 5% to $5.2 billion despite its operating revenue remaining flat at $1.4 billion. For the full year, the company garnered sales of $21.2 billion, up by 4%, while profits came in at $7.3 billion, up by 7%. Unlike last year, Walt Disney provided hits like “Guardians of the Galaxy” and “Maleficent.” These hits helped Walt Disney mint profits and revenues. Last year, profitability of Disney Media declined by a huge margin because “Lone Ranger” did not do well at the box office.

Walt Disney Studios

Walt Disney Studios’ profit increased by 200% at $254 million. The profits in the early period stood at $108 million. Revenue during the fourth quarter came in at $1.8 billion. Looking at the fiscal year, the segment minted operating profits of $1.5 billion, compared to the earlier period’s figure of $661 million. The revenue of the company increased by 22% to $7.3 billion. The series “Frozen” has proven to be a Midas touch for the company. Most of the profits of this segment are attributable to “Frozen.”

Walt Disney Mints Profits on Big Releases

Disney Consumer Products

Revenue from the Consumer Products’ section of Walt Disney came in at $1 billion, up 7%. The profits of the segment increased 9% to $379 million. On a yearly basis, sales of the segment increased to $3.98 billion, up 12%, while profits climbed 22% to $1.4 billion. Movie merchandise, like “Frozen,” “Maleficent,” “Captain America: The Winter Soldier,” “Guardian” and “Spiderman” attributed most of the revenue.

Disney’s Resorts

Walt Disney’s resort business also saw a growth of nearly 5% in terms of footfalls. Park business generated yearly revenue of $15 billion, while profits of the company came in at $2.7 billion. For the fourth quarter, sales of the company stood at $3.96 billion, with operating profits of $687 million, up 20%.

Disney Interactive

Another segment of Walt Disney, Disney Interactive, entered the profit zone. Disney Interactive reported profits of $116 million compared to a loss of $87 million in the earlier period. Sales increased by 22% to $1.3 billion. On a quarterly basis, the company generated sales of $362 million compared to an earlier period’s loss of $9 million. Operating profits for the quarter increased to $18 million, up 13%.

For the first time, shares of Walt Disney are trading and sustaining above the $90 mark. Investors expect the company to outperform in coming quarters. The two biggest forthcoming releases from Walt Disney include “Star Wars” and Marvel movies. These two ventures might become the revenue engine for the company.

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