Disney Revenues, Earnings Jump In Fiscal 2015 First Quarter
February 4, 2015 at 4:11 AM (PT)
THE WALT DISNEY CO. fiscal 2015 first-quarter revenues rose 9% to $13.4 billion, with net income up 19% to $2.2 billion and diluted earnings per share up 23% to $1.27. Media Networks revenue rose 11% to $5.9 billion; broadcasting was up 11% as well, to $1.7 billion.
The company does not break out revenues for its radio operations, RADIO DISNEY and ESPN AUDIO, nor its music operations. The earnings results beat WALL STREET projections.
Chairman/CEO BOB IGER said, “This was yet another incredibly strong quarter for our Company, with diluted EPS up 23% driven by record revenue as well as significant growth in segment operating income. Our results once again reflect the strength of our brands and high quality content and demonstrate that our proven franchise strategy creates long-term value across all of our businesses.”