On August 9th, a reporter from Beike Finance of the New Beijing News learned that The Walt Disney Company released its third quarter performance report for the 2024 fiscal year ending on June 29th. During the reporting period, Disney's revenue was approximately $23.155 billion, a year-on-year increase of 4%; The net profit attributable to the parent company was approximately 2.621 billion US dollars, turning losses into profits year-on-year. The net loss attributable to the parent company in the same period last year was approximately 460 million US dollars; Adjusted earnings per share increased from $1.03 in the same period last year to $1.39.
From the perspective of revenue composition, during the reporting period, Disney's entertainment sector generated approximately $10.58 billion in revenue, a year-on-year increase of 4%; The sports sector generated approximately 4.558 billion US dollars in revenue, a year-on-year increase of 5%; The revenue of the experience sector is approximately 8.386 billion US dollars, a year-on-year increase of 2%. It is worth mentioning that during the reporting period, the core subscription users of "Disney+" reached 118.3 million, an increase of 1% compared to the previous period; Hulu has a total of approximately 51.1 million subscribers, an increase of 2% compared to the previous period.
In the experience sector, data disclosed by Disney shows that the operating revenue of domestic parks and experiences in the United States is about 5.82 billion US dollars, a year-on-year increase of 3%; The operating revenue of international amusement parks and experiences was approximately 1.602 billion US dollars, a year-on-year increase of 5%; The operating revenue of consumer products was about 964 million US dollars, a year-on-year decrease of 5%. From the data, it can be seen that the growth rate of revenue for Disney International Parks and Experiences has slowed down.
Disney pointed out that the company's adjusted EPS (earnings per share) increased by 35%, and with a complementary and balanced business portfolio, it is confident that the asset portfolio will continue to drive revenue growth. In addition, Disney expects that the slowdown in domestic business demand in the United States in the third quarter may affect its performance in the coming quarters.