https://www.laughingplace.com/w/art...log-the-walt-disney-company-q3-2018-earnings/
In the earnings, Bob Iger notes, "We’re pleased with our results in the quarter, including a double-digit increase in earnings per share, and excited about the opportunities ahead for continued growth. Having earned the overwhelming support of shareholders, we are more enthusiastic about the 21st Century Fox acquisition than ever, and confident in our ability to fully leverage these assets along with our own incredible brands, franchises and businesses to drive significant value across the entire company."
BAMTech saw an operating loss, partially due to the costs of launching ESPN+ in April
Parks and Resorts revenues for the quarter increased 6% to $5.2 billion and segment operating income increased 15% to $1.3 billion.
Higher operating income at Parks and Resorts was up thanks to increased guest spending, including increases in average ticket prices, food, beverage and merchandise spending and average daily hotel room rates. However labor and other cost inflations partially offset this income.
Studio revenue was up 20% to $2.9 billion, due in part to the success of Infinity War and Incredibles 2 (compared to Guardians of the Galaxy Vol. 2 and Cars 3 last year). Additionally, the continued popularity of Black Panther into Q3 boosted revenue while Solo... was also released.
Consumer Products & Interactive Media revenues decreased 8% to $1.0 billion. They note lower licensing revenues from Spider-Man and Cars products were partially offset by an increase in Avengers products.
Iger says that, in addition to IP, the company is gaining talent with the Fox deal
Iger also mentions Fox Searchlight, saying he wants to give the studio what it needs to do what it does best.
Last year's Q3 Park results included two weeks of the Easter holiday while this year included only one. They estimated this amounted to a $47 million or 4% YOY difference
Q3 results at Disneyand Paris were comparable to the prior year
Infinity War has grossed more than $2 billion globally, making it Marvel's highest grossing film yet. Similarly, Incredibles 2 has brought in more than $1 billion worldwide
In the earnings, Bob Iger notes, "We’re pleased with our results in the quarter, including a double-digit increase in earnings per share, and excited about the opportunities ahead for continued growth. Having earned the overwhelming support of shareholders, we are more enthusiastic about the 21st Century Fox acquisition than ever, and confident in our ability to fully leverage these assets along with our own incredible brands, franchises and businesses to drive significant value across the entire company."
BAMTech saw an operating loss, partially due to the costs of launching ESPN+ in April
Parks and Resorts revenues for the quarter increased 6% to $5.2 billion and segment operating income increased 15% to $1.3 billion.
Higher operating income at Parks and Resorts was up thanks to increased guest spending, including increases in average ticket prices, food, beverage and merchandise spending and average daily hotel room rates. However labor and other cost inflations partially offset this income.
Studio revenue was up 20% to $2.9 billion, due in part to the success of Infinity War and Incredibles 2 (compared to Guardians of the Galaxy Vol. 2 and Cars 3 last year). Additionally, the continued popularity of Black Panther into Q3 boosted revenue while Solo... was also released.
Consumer Products & Interactive Media revenues decreased 8% to $1.0 billion. They note lower licensing revenues from Spider-Man and Cars products were partially offset by an increase in Avengers products.
Iger says that, in addition to IP, the company is gaining talent with the Fox deal
Iger also mentions Fox Searchlight, saying he wants to give the studio what it needs to do what it does best.
Last year's Q3 Park results included two weeks of the Easter holiday while this year included only one. They estimated this amounted to a $47 million or 4% YOY difference
Q3 results at Disneyand Paris were comparable to the prior year
Infinity War has grossed more than $2 billion globally, making it Marvel's highest grossing film yet. Similarly, Incredibles 2 has brought in more than $1 billion worldwide