The Walt Disney Company reported fourth fiscal quarter and full year 2024 results for the quarter ended September 28, 2024. Total revenues were $22.57 billion, up 6% over the prior-year quarter and above Wall Street consensus estimates of $22.45 billion. Adjusted diluted earnings per share reached $1.14, a 39% expansion from $0.82. Consolidated direct-to-consumer streaming operations generated $321 million in quarterly operating income.
Entertainment streaming advertising revenues surged 14% year-over-year, generating $253 million in quarterly entertainment streaming operating income. Incorporating sports streaming from ESPN+, consolidated streaming operating profit reached $321 million, reversing an operating loss of $387 million in the equivalent quarter last year. Disney ended the fiscal year with 174 million total Disney+ Core and Hulu subscriptions. Disney+ Core paid accounts increased by 4.4 million subscribers to reach 122.7 million globally.
On an earnings conference call with equity analysts, Disney Chief Executive Officer Bob Iger reviewed structural transformation milestones across creative and digital divisions. Disney’s motion picture studio became the first studio globally to cross $4 billion in worldwide box office revenues during calendar year 2024. Content sales and theatrical operating income surged to $316 million.
In the Experiences segment, fourth-quarter revenues grew 1% year-over-year to $8.24 billion. Divisional operating profit reached $1.66 billion, down 6% due to guest attendance softening in Paris during the Summer Olympics and elevated pre-opening capital investments. Disney Cruise Line recorded passenger occupancy rates exceeding 98%. Management reaffirmed commitments to deploy $60 billion in capital expenditures across the Experiences segment over the coming decade. Management projected high single-digit adjusted EPS growth in fiscal 2025, alongside consecutive double-digit EPS expansion in fiscal 2026 and 2027. The board authorized a $3 billion share repurchase allocation for fiscal 2025. Disney shares opened sharply higher on the New York Stock Exchange, gaining more than 6.
