Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
LOS ANGELES Disney reported record full-year revenue of $37.8 billion on Thursday but projected tough times ahead, noting a sudden and dramatic turn for the worse in TV advertising sales and theme-park bookings.
The company said net income fell 13 percent to $760 million in the fiscal fourth quarter compared with a year ago on revenue that climbed 6 percent to $9.45 billion. (Related: “Struggling Ad Biz Hurts News Corp.”)
The standout unit for Disney was consumer products, where revenue jumped 41 percent to $812 million and operating income was up 14 percent to $176 million.
The laggard was studio entertainment, where revenue slumped 5 percent to $1.45
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in