Filing Flows › Walt Disney (DIS) › Q4 FY24
Walt Disney (DIS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Walt Disney (DIS) reported revenue of $22.6B for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -3% from the quarter before. Operating margin was 16.2%, net earnings $460M (2.0% of revenue).
Walt Disney, Q4 FY24: revenue $22.6B (+6% year over year), operating margin 16.2%, net earnings $460M, operating cash flow $5.5B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.6B | -3% | +6% |
| Operating profit | $3.7B | -13% | +23% |
| Net earnings | $460M | -82% | +74% |
| Operating cash flow | $5.5B | +112% | +15% |
| Free cash flow | $4.0B | — | +18% |
What changed
Revenue was $22.6B in Q4 FY24, up 6% year over year and down 3% from the previous quarter. Service was the largest line at 90% of revenue.
Operating profit was $3.7B, a 16.2% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 14% margin then. Total costs grew 4% against revenue growth of 6%. Net earnings were $0.46B, up 74% year over year. The effective tax rate was 40.5%.
Operating cash flow was $5.5B (up 15% year over year), 978% of net income including minority interests. Non-cash charges added back $1.3B of depreciation and amortization and $0.33B of share-based compensation. Working capital and other items added $3.3B. After investments in parks, resorts and other property ($1.5B), free cash flow as the company reports it was $4.0B.
Questions
What was Walt Disney's revenue in the fourth quarter fiscal 2024?
Walt Disney (DIS) reported revenue of $22.6B for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -3% from the quarter before.
Was Walt Disney profitable in the fourth quarter fiscal 2024?
Operating profit was $3.7B (16.2% of revenue) and net earnings $460M.
Source: Walt Disney 10-K on SEC EDGAR.