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Hot Topic: Disney scores record revenue.

November 18, 2008

The Company reported record full-year revenue of $37.8 billion on Thursday but forecasted tough times ahead, noting a sudden and dramatic turn for the worse in TV advertising sales and theme park bookings.The company said net income fell 13% to $760 million in the fiscal fourth quarter compared with a year ago on revenue that climbed 6% to $9.45 billion.The standout unit for Disney was consumer products, where revenue jumped 41% to $812 million and operating income was up 14% to $176 million.The laggard was studio entertainment, where revenue slumped 5% to $1.45 billion and operating income was off 42% to $98 million.Disney’s largest segment, media networks, saw revenue climb 4% to $4.21 billion, with operating income at $1.06 billion.

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