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Apr 02, 2022
Disney Q2 2022 Earnings Report
Disney's second quarter results for fiscal year 2022 showed revenue growth and increased streaming subscriptions.
Key Takeaways
Disney's Q2 2022 earnings revealed a 23% increase in revenue compared to the prior-year quarter, driven by strong performance in domestic parks and the continued growth of streaming services, which now exceed 205 million subscriptions across all DTC offerings. Diluted EPS increased to $1.08 from $0.79 in the prior-year quarter, excluding certain items.
Revenues for the quarter grew by 23%, despite a $1.0 billion reduction due to early termination of license agreements.
Diluted earnings per share (EPS) decreased to $0.26 from $0.50 in the prior-year quarter.
Excluding certain items, diluted EPS for the quarter increased to $1.08 from $0.79 in the prior-year quarter.
Disney+ subscribers increased by 7.9 million in the quarter, with total subscriptions across all DTC offerings exceeding 205 million.
Disney
Disney
Disney Revenue by Segment
Disney Revenue by Geographic Location
Revenue by Segment
Entertainment Revenue
CapyFin.comExperiences Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company did not provide specific financial guidance for the next quarter or fiscal year in this earnings report.
Positive Outlook
- Strong performance at domestic parks and experiences businesses.
- Continued growth of streaming services, particularly Disney+.
- Increase in guest spending at parks and resorts.
- Growth in merchandise licensing.
- Successful resumption of film and television productions.
Challenges Ahead
- Reduction in revenue due to early termination of license agreements.
- Decrease in diluted earnings per share (EPS).
- Higher losses at Disney+ and ESPN+.
- Lower operating income at Hulu.
- Decrease in TV/SVOD distribution results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income