The Walt Disney Co. released its
fourth-quarter results for the fiscal year that ended Sept. 30,
showing records in revenue, net income and cash flow.
The media networks
division was the biggest earner for the year and also showed the
highest growth, showing $14.6 billion in revenue, up 11% over the
Parks and resorts
was the second highest producing segment, coming in at $9.9 billion
in revenue, a 10% rise over the previous year.
The studio entertainment segment, made up
of theatrical release films and home entertainment, dropped
slightly in revenue from $7.59 billion to $7.53
products produced $2.2 billion in revenue, up 3% from the year
With regard to
operating income, the fastest growing segment was studio
entertainment, which more than doubled from $207 million to $729
million for the year. Parks & Resorts grew 30% year-over-year
from $1.2 billion to $1.5 billion.
Disney, the growth in the parks and resorts division was due to
increased guest spending, theme park attendance and hotel occupancy
and higher sales through the Disney Vacation Club. The growth,
however, was partly offset by increased operating costs.
contact reporter David Cogswell, send e-mail to [email protected].