Despite a poor fourth quarter, Disney FY-16 numbers up

BENGALURU: The Walt Disney Company Inc (Disney) reported 6 percent higher revenue for the year ended October 1, 2016 (FY-16, current year) as compared to the previous year ended October 3, 2015 (FY-15). Operating income in the current year increased 7.1 percent as compared to the previous year. Revenue for FY-16 and FY-15 were $55,632 million and $52,465 million respectively, while operating incomes were $15,721 million and $14,681 million respectively.

However, for the quarter ended October 1, 2016 (Q4-16, current quarter) Disney’s revenue declined 2.7 percent in Q4-16 to $13,142 million vis-à-vis $13,512 reported for Q4-15. Operating income declined 10.1 percent year-over-year (y-o-y) in the current quarter to $3,176 million from $3,534 million in the previous year. The fall in revenues was noticeable across three of four of Disney’s divisions, viz., Media Networks, Parks and Resorts, and, Consumer Products &Interactive Media (Consumer Products). Only the Studio Entertainment Division reported a slight increase in revenue, while operating income declined across all the four in Q4-16 versus Q4-15.

“We’re very pleased with our performance for the year, delivering the highest revenue, net incomeand earnings per share in Disney’s history,” said Disney chairman and chief executive officer Robert A. Iger. “Fiscal 2016 was our sixth consecutive year of record results, highlighted bythe opening of Shanghai Disney Resort, the phenomenally successful return of Star Wars, and our Studio’srecord-breaking $7.5 billion in total box office. We remain confident that Disney will continue to deliverstrong growth over the long-term as we further strengthen our brands and franchises, our technologicalcapabilities, and our international presence.”

Please refer to Fig A below for Disney’s performance for the current quarter and the year

Please refer to Fig B below for segment numbers.

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