Walt Disney quarterly profit rose 7.3%

06.11.2015

The net profit of the American Walt Disney Co (N: DIS), the world's largest entertainment and media company, in the fourth fiscal quarter, which ended on 3 October, rose 7.3% to $ 1.61 billion, or $ 0.95 per share, compared with $ 1.5 billion, or $ 0.86 per share, for the same quarter of the previous year.

Walt Disney profit, excluding one-off factors, increased to $ 1.2 per share, from $ 0.89 per share a year earlier, according to a company press release.

Analysts surveyed by Bloomberg, on average, had forecasted the figure at $ 1.14 per share. The Thomson Reuters analysts had the same figures.

The company's revenue in the fourth financial quarter rose 9%, to $ 13.51 billion. The median forecast of experts for this indicator was $ 13.56 billion.

Operating profit of the largest Disney division, which combines media assets, including ABC and ESPN cable networks, in the last quarter grew by 27%, to $ 1.82 billion, and the revenue of this business increased by 12%, to $ 5.83 billion.

Disney studio's profit doubled to $ 530 million, due to the cartoon "Puzzle" and the "Ant-Man" film.

The division, which operates theme parks, increased its operating profit by 7% and revenues by 10%.

Operating profit of Walt Disney business on the production of consumer goods jumped by 10%, and revenues by 11%. The improved performance of the unit is connected, in particular, with good sales of licensed products based on the animated film "The Cold Heart", "The Avengers" and "Star Wars", the company said.

The net income and revenue of Walt Disney at the end of last financial year reached record levels. Thus, the net profit increased by 12%, to $ 8.4 billion, and revenue rose 7%, to $ 52.5 billion.

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