Walt Disney Co (The)

NYSE:DIS   2:35:00 PM EDT
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Other Pre-Announcement

Walt Disney Reports Q4 EPS From Continuing Operations Of $0.09

Published: 11/08/2022 22:49 GMT
Walt Disney Co (The) (DIS) - Quarterly Diluted EPS From Continuing Operations $0.09.
Excluding Certain Items, Diluted EPS for Quarter of $0.30.
‍​q4 Saw Strong Subscription Growth With Addition of 14.6 Million Total Subscriptions, Including 12.1 Million Disney+ Subscribers.
‍​expect Dtc Operating Losses to Narrow Going Forward & Disney+ Will Achieve Profitability in Fiscal 2024, Assuming No Meaningful Shift in Economic Climate.
Quarterly Revenue $20.2 Billion Versus $18.5 Billion.
Quarterly Disney Parks, Experiences and Products Revenue $7.4 Billion Versus $5.5 Billion.
‍​in Quarter, Co Recorded $63 Million Non-cash Gain to Adjust Investment in Draftkings, Inc. to Fair Value.
Quarterly Content Sales/licensing and Other Revenues Decreased 15% to $1.7 Billion.
Walt Disney Co - ‍​as of Quarter End Disney+ Paid Subscribers 164.2 Million, Up 39%.
Quarterly ‍​operating Income Growth at Domestic Parks and Experiences Due to Higher Volumes and Increased Guest Spending.
‍​as of Quarter End Espn+ Paid Subscribers 24.3 Million, Up 42%.
‍​as of Quarter End Total Hulu Paid Subscribers 47.2 Million, Up 8%.
‍​decrease in Advertising Revenue for International Channels in Quarter Due to Lower Average Viewership, Partially Offset by Higher Rates.
‍​although Operations Resumed, Many of Our Businesses Continue to Experience Impacts From Covid-19.
‍​improved Results at International Parks and Resorts Were Due to Growth at Disneyland Paris, Partially Offset by a Decrease at Shanghai Disney Resort in Quarter.