Transcript
Indiana University Advertiser / Mint Mobile Advertiser (0:00)
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Bloomberg Tech Host (0:27)
We welcome Bloomberg Tech co hosts Ed.
Disney CFO Hugh Johnston (0:28)
Ludlow and Caroline Hyde and they are.
Bloomberg Tech Host (0:31)
Joined by Disney CFO Hugh Johnston. Take it away. Thank you very much indeed. It's wonderful to be joined by you, Hugh, with Ed and I across various parts of America. Hugh, just first start with us for a moment, will you? Rating Disney's overall fourth quarter performance, you were strong in parks, look, you were strong in streaming, but there was some weakness in films and tv. Talk us through how you rate yourself.
Disney CFO Hugh Johnston (0:53)
Yeah, actually I thought it was a good quarter Overall and frankly versus Wall street we beat expectations by 6 cents. So as you noted, the experiences business did very, very well. 6% revenue growth, 13% growth was terrific. Sports did very strongly while we were launching the new DTC product, which is off to a great start. And then in terms of experience, the entertainment business, it was largely just the overlap of the, of the film slate that drove the numbers. I know the linear business looked a little bit soft, but that's primarily due to the fact that we had India in the numbers last year where we made 84 million bucks and wasn't in the numbers this year. Take that out apples to apples basis. Overall I thought the quarter was good and it actually allows us to end the year with a lot of momentum. As we think about where we are right now, we grew EPS 19% for the year and 19% CAGR for the last three years. And that's why we both guided to double digit epos growth in 26 and on top of that doubled the share repurchase and increased the dividend by 50%.
Bloomberg Tech Co-host (possibly Caroline Hyde or Ed Ludlow) (2:02)
Hugh, good morning. On that momentum, the focus for a lot is streaming, right? And you have the confidence to say streaming is going to continue to be profitable through 2026. What are the factors behind that? What allows you to have the confidence to have such visibility into how that streaming business is going?
Disney CFO Hugh Johnston (2:22)