Summary by Moomoo AI
The Walt Disney Company (Disney) reported its quarterly financial performance for the period ending December 30, 2023. Total revenues remained stable at $23.549 billion compared to $23.512 billion in the previous year, with net income significantly increasing to $2.151 billion from $1.361 billion. Diluted earnings per share rose to $1.04 from $0.70. The Entertainment segment saw a 7% decrease in revenues, primarily due to lower theatrical distribution revenue, partially offset by subscription revenue growth. The Sports segment's operating loss decreased to $103 million from $164 million, with a 4% increase in revenues driven by higher affiliate and advertising revenues. The Experiences segment reported a 7% increase in revenues to $9.132 billion, with operating income rising to $3.105 billion from $2.862 billion, attributed to growth at international parks and resorts. The company's financial condition remains...Show More