On November 9th, The Walt Disney Company (NYSE:.
Financial data shows that in the fourth quarter of this year, Disney's total revenue was approximately $21.241 billion; The annual revenue is approximately 88.898 billion US dollars. Meanwhile, Disney's net profit attributable to the parent company in the fourth quarter was approximately $264 million, a year-on-year increase of 62.96%; The net profit for the entire fiscal year was approximately $2.354 billion, a year-on-year decrease of 25.15%.
From the perspective of revenue composition, Disney's entertainment sector's revenue in the fourth quarter was approximately 9.524 billion US dollars, a year-on-year increase of 2%; The revenue of the sports sector was approximately 3.91 billion US dollars, which remained unchanged year-on-year; The revenue of the experience sector is approximately 8.16 billion US dollars, a year-on-year increase of 13%. Throughout the year, the entertainment sector's revenue was approximately 40.635 billion US dollars, a year-on-year increase of 3%; The revenue of the sports sector is approximately 17.27 billion US dollars, a year-on-year decrease of 1%; The revenue of the experience sector is approximately $32.549 billion, a year-on-year increase of 16%.
In terms of entertainment sector, the number of domestic (US and Canada) users of Disney+in the fourth quarter was about 46.5 million, an increase of 1% month on month; The number of international users is about 66.1 million, an increase of 11% month on month; The total number of Hulu users is approximately 48.5 million, an increase of approximately 200000 compared to the previous month.
In terms of revenue, the linear network revenue of Disney's entertainment sector in the fourth quarter was about 2.628 billion US dollars, a year-on-year decrease of 9%; The revenue directly targeting consumers (Disney+, Disney+Hotstar, Hulu) is approximately $5.036 billion, a year-on-year increase of 12%; Content sales, licensing, and other revenue were approximately $1.86 billion, a decrease of 3% year-on-year.
It is worth mentioning that according to previous reports by US media, Disney plans to acquire a 33% stake in Hulu from Comcast for at least $8.6 billion to achieve full control of Hulu. Disney stated that this move will further help the company achieve its development goals in the streaming media field.
In terms of experience, Disney's domestic (US) amusement park and experience revenue in the fourth quarter was approximately 5.384 billion US dollars, a year-on-year increase of 7%; The operating revenue of international parks and experiences is approximately 1.665 billion US dollars, a year-on-year increase of 55%; The operating revenue of consumer products is approximately $1.111 billion, a year-on-year decrease of 5%.
Disney pointed out that the increase in operating revenue of domestic amusement parks and experiences is due to the increase in passenger cruise days and average prices, as well as the revenue growth of Disney Cruise Company. In addition, the sales of Disney Park hotels and villas have led to an increase in the performance of Disney Resort Club.
In terms of Disneyland Resort, the growth in operating performance is mainly due to an increase in the number of tourists, an increase in average ticket prices, and an increase in tourist expenses.
Our performance for this quarter reflects the significant progress we have made over the past year, "said Robert A. Iger, CEO of Walt Disney, Although we still have work to complete, these efforts have enabled us to go beyond this repair period and start building our business again. We have built a solid foundation of outstanding creativity and innovation over the past century, and our significant restructuring and cost efficiency work this year has further consolidated this foundation. We are expected to achieve approximately $7.5 billion in cost reduction. Combined with our valuable business, brand, and assets The combination and the way we manage them together, Disney has a strong strength that sets us apart in the industry. Looking ahead, there are four key construction opportunities that are crucial to our success: achieving significant and sustained profitability in our streaming business, building ESPN into an excellent digital sports platform, increasing the production and economic benefits of our film studios, and driving the growth of our park and experience businesses. We have made significant progress in these four areas and will continue to move forward with a sense of mission and urgency. I am optimistic about the opportunities we face to create sustainable growth and increase shareholder value