YOUR FRIENDS' ACTIVITY

    Disney Matches Fiscal Q4 Earnings Estimates But Falls Shy On Revenues

    Theme parks and media networks delivered for Disney, but filmed entertainment wasn’t as helpful for the quarter that ended in September. The company reported net income of $1.39B, +11.1% vs the same period last year, on revenues of $10.78B, +3.4%. The revenue figure missed the Street’s expected $10.92B. But earnings per share, not including one-time items, came in at 68 cents, right where analysts anticipated. The Media Networks operation delivered $4.88B in revenues (+2%) and $1.57B in operating income (+7%). Disney’s cable channels led the charge, mostly due to rising ad sales and affiliates fees for ESPN. But the ABC broadcasting unit was flat due to weak ad sales — lower ratings offset the higher rates — and equity losses at Hulu. Parks and Resorts benefited from improved results at Tokyo Disney Resort (which was temporarily closed last year following the country’s earthquake and tsunami) and Disney California Adventure’s new “Cars Land” attraction. The operation had revenues of $3.43B (+9%) and operating income of $497M (+18%). But revenues at the Studio Entertainment unit fell 4% to $1.4B, with operating income down 32% to $80M. Disney says that Brave was no match for last year’s Cars 2, and the studio had pre-release marketing expenses for Frankenweenie. Meanwhile, sales of products tied to Spider-Man, the Avengers, and Minnie and Mickey helped drive Consumer Products revenue +8% to $883M with operating income +29% to $267M. Revenues for the Interactive operation fell 14% to $191M with an operating loss of $76M, an improvement from last year’s $94M loss. CEO Bob Iger says that with the recent deal to acquire Lucasfilm, “we’re confident the company is well positioned to continue our strong performance and growth.”

    Get more from Deadline.com: Follow us on Twitter, Facebook, Newsletter

    Loading...

    More on Yahoo! TV

    News for You

    • Cher credits luck for her lengthy career

      UNIVERSAL CITY, Calif. (AP) — Cher is no stranger to tabloid fodder.

    • Jenner: Kim Kardashian 'thrilled for the new baby'

      LOS ANGELES (AP) — Kris Jenner says her daughter Kim Kardashian is thrilled to have a new baby girl.

    • 'The Voice' Winner: Who Did the Experts Choose?

      By Jethro Nededog LOS ANGELES (TheWrap.com) - NBC's "The Voice" will crown another winner on Tuesday night's finale. Season 4's three finalists - Daniellle Bradbury, Michelle Shamuel and The Swon Brothers - battled it out for the title on Monday's performance finale episode. Before the performances, coaches Blake Shelton, Adam Levine, Shakira and Usher performed The Beatles' "With A Little Help From My Friends." The Top 16 then got together for the second group performance of the night on Edward Sharpe & the Magnetic Zeros' "Home. ...

    • Selma Blair Abruptly Exits 'Anger Management'

      After a reported fit of friction with co-star Charlie Sheen, it has been confirmed that Selma Blair will not be returning to Anger Management, The Hollywood Reporter corroborates.

    • Brad Pitt Responds to Melissa Etheridge's Angelina Jolie Mastectomy Comments

      After Melissa Etheridge criticized Angelina Jolie's decision to get a preventative double mastectomy, Brad Pitt comes out in defense of his fiancee

    • NBC's 'The Voice' finale attracts 15.3 million viewers

      LOS ANGELES (Reuters) - NBC said on Wednesday that its singing competition "The Voice", which included the first live TV performance by Cher in more than a decade, had attracted 15.3 million viewers. In a two-hour season finale, teenage country singer Danielle Bradbery become the show's youngest winner. "The Voice" wrapped its fourth season on Tuesday. It was the second most-watched program on U.S. television behind the sixth game of the National Basketball Association Finals, which had about 16.2 million viewers. ...