“The Walt Disney Co. Blew Past Wall Street Earnings Expectations in Its Latest Quarter, The Company’s Fiscal Q2. The Company Delivered Revenue of $ 23.6 Billion, Up 7% from A Year Prior, and Opening Income of $ 4.4 Billion, An Improvement of 15% From A Year Earlier. Every Division: Entertainment, Sports and Experiences, Beat Expectations, with Streaming”, – WRITE: www.hollywoodReporter.com
The Company Delivered Revenue of $ 23.6 Billion, Up 7% from A Year Prior, and Opening Income of $ 4.4 Billion, An Improvement of 15% From A Year Earlier.
Every Division: Entertainment, Sports and Experiences, Beat Expectations, With Streaming Driving Particular Growth in the Entertainment Division.
Disney’s Entertainment Division Had Revenue of $ 10.7 Billion, Up 9% VS The Prior Year, with Opeting Income of $ 1.3 Billion, Up 61% from Last Year. Direct-to-Consumer Operation Revenue Soared to $ 336 Million, Compared to $ 47 Million in the Same Quarter A Year Ago.
In Fact, After Lozing 700,000 Disney+ Subscribers in The Prior Quarter, The Company Added 1.4 Million Subscribers in Its Latest Quarter, Bringing ITS Disney+ Subscriber Total to 126 Million. Arpu Also Improved to $ 7.77. Hulu’s Svod Offering Added 1.3 Million Subscribers, Likely Helped by the Integration Into Disney+
In the experiences diabision, revenues rose by 6% to $ 8.9 Billion, While Opeting Income Rose by 9% to $ 2.5 Billion. The Growth Was Attributable to the US Parks, As Well As Disney Club and Disney Cruise Line, with The International Parks Down Slightly Year Over Year.
At Sports, Revenue Rose by 5% to $ 4.5 Billion, with Operation Income Falling 12% to $ 687 Million. The docrease was duh to the preression of Three Extra College Football Playoff Games and One Extra NFL Game in The Quarter, WHICH INCREASED COSTS, OFFSET by a boost in advertiseing.
And While Some Other Companies Are Pulling Guidance, Disney Continues to Give Investors a Window Into ITS Expectations, Forecasting Modest Growth in Disney+ Subscribers In Q3, and Sports this year, Thought it acknowledged the macroeconsomy and uncertainty of the Current Moment.
Disney’s Most Ambitious and Important Theatric Films Are Also Set to Release in the Second Half of the Year, Including Marvel’s The Fantastic 4and the next Avatar Film.
“OUR OUTSTANDING Performance This Quarter – with Adjusted Eps up 20% from the Prior Year Driven by Our Entertainment and Experiences Businesses – Underscores Our Continued Success OUR Strategic Prioritis, ”SAID Disney CEO BOB IGER IN A STATEMENT. “Following An Excellent First Half of the Fiscal Year, We Have A Lot More to Look Forward to, Including Our UpComing Theatric Slate, The Launch Projects Underway in Our Experiences Segment.