Financial Report Card - Report on The Walt Disney

NEW YORK, September 15, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on The Walt Disney Company (NYSE: DIS). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=DIS

Highlights from our DIS Report include:

• Top-line & Bottom-line Review - In a press release dated August 4, 2015, global entertainment leader - Walt Disney reported its Q3 2015 results. The Company reported quarterly revenue of $13.1 billion, as compared to $12.5 billion for the prior-year quarter, missing Zacks Consensus Estimate of $13.2 billion. The Company reported record quarterly earnings of $2.5 billion, compared to $2.2 billion reported in the corresponding quarter prior year. Diluted earnings per share rose 13% Y-o-Y to $1.45 from $1.28 in Q3 2014, which also topped the Thomson Financial Network analysts' estimates of $1.42 per share, according to Yahoo Finance. Segment operating income came in at $4.12 billion, up by 7% Y-o-Y.

• Media Networks Segment Review - Disney's Media Networks revenue increased 5% Y-o-Y to $5.8 billion, and operating income grew 4% Y-o-Y to $2.4 billion during the quarter. Cable Networks contributed revenue of $4.1 billion, up 5% YoY and Broadcasting contributed revenue of 1.6 billion, up 4% YoY, to the Media Networks segment. Operating income at Cable Networks increased 7% to $2.1 billion for the quarter due to growth at the domestic Disney Channels, ABC Family aided by higher program sales and increased affiliate revenue, driven by contractual rate increases.

• Performance Review of Parks and Resorts & Studio Entertainment Segments - Parks and Resorts revenues rose 4% Y-o-Y to $4.1 billion while operating income of the segment increased 9% to $922 million, during the quarter. The Company has attributed this operating income growth to an increase in domestic operations aided by volume and guest spending growth. Additionally, Disney's studio entertainment segment witnessed revenue growth of 13% Y-o-Y to $2.0 billion, while operating income of the segment popped up 15% Y-o-Y to $472 million. Higher operating income at studio entertainment was powered by an increase in theatrical distribution, growth at international television distribution and a higher revenue share with the Consumer Products segment.

• Consumer products & Interactive Segments Review - The Consumer Products segment's revenue increased 6% Y-o-Y to $954 million, and operating income increased 27% Y-o-Y to $348 million. Higher operating income was due to an increase in merchandise licensing revenues and lower third-party royalty expense. Further, Interactive revenues for the quarter declined by 22% YoY to $208 million while segment operating income plummeted by $29 million to break-even. As per the release, lower results from Disney Infinity and decreased sales of console game catalog titles led to a lower operating income during the quarter.

• Management Note - "We're very pleased with our performance in the third quarter, with record net income and diluted earnings per share of $1.45, up 13% from the prior year," said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. "The strong results across our many diverse lines of business demonstrate the power of our unparalleled brands, franchises and creative content."

To find out how this influences our rating on The Walt Disney Company, read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=DIS

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com