Disney heals its financial results, driven by the acquisitions of 21st Century Fox and Hulu

Mickey touched the stars this year

The US company released Thursday the results of the fourth quarter of its fiscal year 2019. In addition to the launch of its platform SVoD, the giant has seen its turnover significantly increase.

Good news never coming, alone the launch in North America of Disney +, which will land in France on March 31, 2020, was accompanied by the financial results for the fourth and last fiscal quarter of 2019, published on November 7. The Walt Disney Company (TWDC) generated, during the period from early July to the end of September, a turnover of $ 19.1 billion, up 34% year-on-year, when it reached 14, $ 3 billion.

TWDC boosted by recent acquisitions

For the full fiscal year 2019, ended September 28, Disney achieved a turnover of $ 69.6 billion, an increase of 17% over the previous fiscal year, ending at 59.4 billion dollars.

"Our strong fourth-quarter results reflect the continued strength of our brands and businesses," said Robert Iger, the group's boss since 2005. TWDC is already feeling the effects of the acquisition of 21st Century Fox, officially announced on March 20, 2019, for $ 71.3 billion. The majority stake (around 66%) in Netflix's competing streaming platform in the US, Hulu, has also taken effect.

Disney parks and movies make Mickey smile

At the sectoral level, amusement parks and derivative products brought Disney the most money this year and this quarter. Over the last three months, this sector generated revenues of $ 6.65 billion, up 8% year-on-year. In fiscal 2019, revenues reached $ 26.22 billion, up 6% over the previous year. Amusement parks and their derivatives account for 37.7% of The Walt Disney Company's revenues. The firm highlights growth for Disneyland Paris and Shanghai Disney Resort, which compensates for the slowdown in attendance at Hong Kong Disneyland Resort.


While revenues from Disney's media networks were up sharply in 2019 (+ 13%) to $ 24.83 billion, gains from the company's entertainment studio grew significantly in the fourth quarter of 2019, with $ 3.3 billion, an increase of 52% over one year, for a total of $ 11.13 billion over the full year, up 11%. The Lion King, Toy Story 4 and Aladdin helped with the good performances of the group's film division. All is well for Mickey and Minnie, who can continue their reign with confidence.

Source: Press release