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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.
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
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