Co. ended its fiscal 2024 on a high note, thanks in large part to its theatrical film division and growth in streaming, even as its ESPN and experiences businesses dragged down net income slightly compared to a year earlier.
The growth was driven by entertainment, where revenues were up by 14% to $10.8 billion, with segment operating income surging by more than 100% to $1.07 billion. The company had both Deadpool & Wolverine and Inside Out 2 in the quarter, a pair of massive theatrical hits.
Still, both Disney’s sports division — led by ESPN — and its experiences division had a bit of softness, and led to the lower income results compared to last year. Sports revenue was essentially flat at $3.9 billion, but operating income fell 5% to $929 million. And in an unusual move, Disney actually provided some guidance for Wall Street stretching all the way to fiscal 2027 .