Disney Q4 Revenue, Income Rise To Record Levels
November 7, 2014 at 4:25 AM (PT)
THE WALT DISNEY COMPANY fourth-quarter fiscal 2014 overall revenues rose 8% to a record $48.8 billion, with net income up 22% to a record $7.5 billion (86 cents/diluted share). The continued strong performance of "FROZEN" in DVD/Blu-ray and theatrical categories, higher network and cable affiliate fees, and growth in ad revenue at ESPN and A&E. The Media Networks division saw 5% revenue growth to $5.217 billion, with broadcasting also up 5% to $1.441 billion. The company does not break out radio revenue from ESPN AUDIO or RADIO DISNEY.
Chairman/CEO BOB IGER said, “Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance. We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the Company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”