Disney Reports $24.69B Revenue in Q4 2024

By Tamara Parker • Wednesday, February 05 10:27 • Permanent Link

In its latest 10-Q filing, The Walt Disney Company reported a total revenue of $24.69 billion for the quarter ended December 28, 2024, which represents an increase from the $23.55 billion reported for the same period in 2023. The company's net income attributable to Disney also saw a significant rise, reaching $2.55 billion in 2024 compared to $1.91 billion in 2023.

The balance sheet reveals that Disney's total assets amounted to $197.05 billion, slightly up from $196.22 billion reported at the end of the previous quarter. The company's current assets include $5.49 billion in cash and cash equivalents, $13.77 billion in receivables, and $2.02 billion in inventories.

In terms of liabilities, Disney reported total current liabilities of $34.85 billion, with accounts payable and other accrued liabilities accounting for the largest portion at $21.64 billion. The company's borrowings stood at $38.69 billion, and it reported total equity of $106.74 billion, with $101.93 billion attributable to Disney and $4.81 billion attributable to noncontrolling interests.

The company's operating activities generated $3.21 billion in cash, while it invested $2.58 billion in parks, resorts, and other property. Financing activities resulted in a net cash outflow of $997 million. Disney's cash, cash equivalents, and restricted cash decreased by $520 million during the quarter, ending at $5.58 billion.

Additionally, the company reported comprehensive income of $3.58 billion for the quarter, an increase from $1.99 billion in the same period in 2023. Other comprehensive income (loss) attributable to Disney was $939 million, while comprehensive income attributable to Disney totaled $3.57 billion.

The financial statements also show that Disney repurchased $794 million worth of common stock during the quarter, and the company paid dividends amounting to $1.81 billion.

These figures indicate a strong performance for Disney in the reported quarter, with notable growth in revenue and net income, as well as strategic financial activities such as stock repurchases and dividend payments. The market has reacted to these announcements by moving the company's shares -0.4% to a price of $112.86. If you want to know more, read the company's complete 10-Q report here.

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