Thursday, November 8, 2018

Merry Times at Walt's Place

The House of Mouse (otherwise known as the Walt Disney Company) had a very good quarter...

... The company reported adjusted per-share earnings of $1.48, topping analysts forecasts of $1.34 for the fiscal fourth quarter. It booked record revenues of $14.3 billion, exceeding Wall Street’s projections of $13.73 billion.

The film studio’s revenue jumped 50% in the quarter to $2.2 billion, buoyed by the box office success of Incredibles 2, which rang in more than $1.2 billion globally, and Ant-Man and the Wasp, at $622 million in worldwide ticket sales.

The media networks group, which includes broadcast and cable television, saw revenues rise 9% to nearly $6 billion in the quarter ending September 29. ...

Disney will complete its integration (digestion?) of Fox assets early in the new year. The Mouse's new streaming services will shortly be up and running. How well will Diz Co. complete against Netflix and Amazon? Should be interesting to find out.

In the meanwhile, most of its subsidiaries are ticking along, contributing to the bottom line. And Disney stockholders will no dout be hoping that Chairman Robert Iger stays beyond his current employment contract, even though he's getting a bit long in the tooth.

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