During this quarter, the Media Networks segment revenue decreased 3% to $5.5 billion, and segment operating income decreased 12% to $1.5 billion.
Separately, Parks and Resorts revenues increased 6% to $4.7 billion, and segment operating income increased 7% to $746 million. Overall operating income growth for the quarter was due to an increase in international operations, but this was partially offset by a decrease at domestic operations as the result of Hurricane Irma
Studio Entertainment revenues decreased 21% to $1.4 billion and segment operating income decreased $163 million to $218 million.
Consumer Products & Interactive Media revenues decreased 6% to $1.2 billion, and segment operating income decreased 12% to $373 million due to a decrease at its merchandise licensing business.
Disney did not offer any guidance going forward, but there are consensus estimates that are calling for $1.66 in EPS and $15.48 billion in revenue for its fiscal first-quarter.
Bob Iger, Chairman and CEO of Disney, commented:
No other entertainment company is better equipped to navigate the ever-evolving media landscape, thanks to our unparalleled collection of brands and franchises and our ability to leverage IP across our entire company. We look forward to launching our first direct-to-consumer streaming service in the new year, and we will continue to invest for the future and take the smart risks required to deliver shareholder value.
Shares of Disney closed Thursday up 1.6% at $102.78, with a consensus analyst price target of $110.32 and a 52-week range of $94.23 to $116.10. Following the release of the earnings report, the stock was initially down about 3% at $99.75 in the after-hours trading session.