Disney Q4 2021 Earnings Report

Disney's Q4 2021 earnings report indicated a strong recovery with significant growth in revenues and improved EPS, driven by the reopening of parks and continued expansion of its streaming services.

Key Takeaways

The Walt Disney Company reported its fourth quarter and full year earnings for fiscal 2021. The company saw a significant increase in revenue, reaching $18.53 billion, compared to $14.71 billion in the prior-year quarter. Diluted EPS from continuing operations was $0.09, a substantial improvement from the loss of $0.39 in the prior-year quarter. Excluding certain items, diluted EPS was $0.37, compared to a loss of $0.20 in the prior-year quarter. The growth was largely driven by the reopening of Disney Parks, Experiences and Products, and the continued expansion of its Direct-to-Consumer streaming services.

Total revenues increased by 26% compared to the prior-year quarter, reaching $18.53 billion.

Diluted EPS from continuing operations improved to $0.09, compared to a loss of $0.39 in the prior-year quarter.

The Disney Parks, Experiences and Products segment saw a significant recovery with revenues increasing by 99%.

Direct-to-Consumer revenues grew by 38%, driven by subscriber growth in Disney+, ESPN+, and Hulu.

Total Revenue

$18.5B

Previous year: $14.7B