Q4 2024 Walt Disney Co Earnings Call Transcript
Key Points
- The Walt Disney Co (DIS) reported strong performance in its creative segments, with television series and general entertainment programming winning a record-breaking 60 Emmy Awards.
- The company achieved significant success at the summer box office with top movies like Inside Out 2 and Deadpool & Wolverine, and anticipates further success with upcoming releases such as Moana 2 and Mufasa: The Lion King.
- Disney's Experiences segment, including Parks and Cruise Lines, continues to be a leader in the industry, with multiple expansions and new projects underway.
- The company ended the quarter with 174 million Disney+ Core and Hulu subscriptions, highlighting the strength of its streaming platform.
- Disney is integrating ESPN into Disney+ and plans to launch ESPN's flagship direct-to-consumer offering in 2025, enhancing its sports streaming capabilities.
- The company faces challenges with linear networks, which are expected to continue declining as consumers shift to streaming platforms.
- There are concerns about the impact of new attractions from competitors, such as the Epic Universe, on Disney's Parks business.
- The international market, particularly in Shanghai, showed some consumer softness, which could impact future growth.
- The company is cautious about investing heavily in local content for international markets until it can ensure adequate returns.
- There are uncertainties regarding the financial implications of the divestiture in India and the future structure of Disney's business in the region.
Good day, everybody and welcome to The Walt Disney Company fourth quarter and full year 2024 financial results conference call. (Operator Instructions) Please note today's event is being recorded.
I would now like to turn the conference over to Carlos Gomez, Executive Vice President, Treasurer and Head of Investor Relations. Please go ahead.
Good morning. It's my pleasure to welcome everyone to The Walt Disney Company's fourth quarter 2024 earnings call. Our press release, Form 10-K and management's posted prepared remarks were issued earlier this morning and are available on our website at www.disney.com/investors.
Today's call is being webcast, and a replay and transcript as well as the fourth quarter earnings presentation will all be made available on our website after the call. Before we begin, please take a note of our cautionary statement regarding forward-looking statements
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
