The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Earnings

Earnings: DIS: Strong Quarter Across The Board (Ditching ESPN MVNO Helps)

  • Comments Comments (View)
  • Text Size: A A

The Walt Disney (NYSE: DIS) Company brought in another strong quarter, increasing net income to $877 million from $782 million in the same quarter last year. (The quarter ending Sept. 30 marked the end of Disney’s fiscal year.) Revenues rose 3 percent to $8.93 billion from $8.65 billion. Segment operating income was up 14 percent, to $1.81 billion from $1.59 billion. 

—Among the segments, Media Networks revenues rose 14 percent while operating income increased by 25 percent. Within Media Networks, ESPN’s decision to ditch its MVNO helped raise its contribution ... this is described as “lower costs associated with mobile phone operations, which have transitioned to a licensing model.” Of course, other factors at ESPN matter more—higher advertising and affiliate revenues.

—The Disney Mobile MVNO shutdown added to higher costs at the Walt Disney Internet Group.

Earnings release | Webcast (4:30 p.m. est)

More to come.

Nov 8, 2007 4:12 PM ET

Posted In: Money, Earnings, Companies, Disney, ESPN

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Free) Android Apps (Free)
1. Facebook for Android
2. Pandora® internet radio
3. Angry Birds
4. Words With Friends Free
5. Voxer Walkie-Talkie PTT
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff