The Walt Disney Co (NYSE: DIS) on Wednesday said its Q2 profit and revenue came in shy of Street estimates. Shares still went up 3.0% as subscriber growth at Disney+ topped expectations.
What Disney Q2 earnings report tells us
- ប្រាក់ចំណូលសុទ្ធបោះពុម្ពនៅ $ 470 លានដុល្លារដែលបកប្រែទៅជា 26 សេនក្នុងមួយហ៊ុន។
- Adjusted EPS of $1.08 was much better than last year’s 32 cents.
- Revenue jumped 18.5% YoY to $19.25 billion in the recent fiscal quarter.
- FactSet consensus គឺសម្រាប់ $1.19 នៃ EPS ដែលបានកែតម្រូវលើប្រាក់ចំណូល $20.05 ពាន់លានដុល្លារ។
- DTC, including streaming, brought in $4.9 billion; slightly below estimates.
- Added 7.9 million subscribers to Disney+ for a total of 137.7 million.
- Ended Q2 with over 205 million total subscribers, including ESPN+ and Hulu.
Experts had forecast 135.07 million subscribers for Disney+ and 204.4 million total across all DTC offerings. Content sales and licensing generated $1.87 billion in revenue this quarter versus $2.07 billion expected, as per the សេចក្តីប្រកាសព័ត៌មានស្តីពីប្រាក់ចំណូល។
Expert reacts to Disney quarterly results
Other notable figures include Media and Entertainment Distribution sales that were up 9.5% YoY but missed consensus by $80 million. Theme parks and products more than doubled to $6.65 billion, handily beating expectations. On "Closing Bell" របស់ CNBC, Victoria Greene said:
After Netflix miss, we were worried it’ll be a weak quarter for Disney. But they blew it out of the water. Subscriber growth was a huge sigh of relief. They’re still going into new markets so that’s a great sign. And they’re bringing an ad-supported tier to drive consumers as well.
The founding partner at G Squared Private Wealth says Disney’s intellectual property is better than its rivals, which will help it achieve its target of up to 260 million subscribers by 2024.
Disney+ also costs less than Netflix that makes it even more attractive in an inflationary environment, she concluded. Earlier this week, Jim Cramer loaded up on the stock ធ្លាក់ចុះជាង 30% សម្រាប់ឆ្នាំ។
ប្រកាស របាយការណ៍ប្រាក់ចំណូលរបស់ Disney Q2: 'ការដកដង្ហើមធំនៃការធូរស្រាល' បានបង្ហាញខ្លួនជាលើកដំបូង អ៊ីនវេស.
Source: https://invezz.com/news/2022/05/11/disney-q2-earnings-report-a-huge-sigh-of-relief/