Disney Q4 2021 Earnings Report
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.
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Forward Guidance
The company did not provide specific forward guidance in this earnings report.