CNN reporting Disney expects 30% increase in revenue.

[DisOrBust]

and...that ABC is doing well and will make a "profit" this quarter. It sounds like Roy's statements of Disney's profits being flat were incorrect...

 

[raidermatt]

Yes, there was a Reuters article saying the same thing. One clarification though, its 30% growth in earnings (per share), not revenue.

Of course that's 30% growth over numbers that were very low, and did not meet the previous growth projections...

On ABC, this from the Reuters article (which was based on a talk by Tom Staggs)

ABC recently has been plagued by low ratings and high sports costs, dragging down Disney results. But the network has a modestly successful line of family comedies, and while ratings are still down from the previous year, the wholesale audience defections of recent years has ended.

So things aren't really better, they've just stopped the bleeding. Any improvement in profitability will come either from cost cutting or improvement in the ad market in general.

 

[WIcruizer]

I haven't tracked this stock in over 5 years, so I have a question. Which entities provide the largest portion of the earnings/share? I know it can't be the theme parks or Disney Stores. Is it Movies? ABC? ESPN? DCL? Merchandise? Just curious. I don't need a 5 page report, but if someone could sum it up, I would really appreciate it.

 

[KNWVIKING]

Don't know what it IS, but I know it ain't ABC.

This year didn't the parks report about 750 mil in profit thru 3 quarters ?