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Apr 01, 2023

Disney Q2 2023 Earnings Report

Disney's financial performance reflected strategic changes and improved streaming results.

Key Takeaways

The Walt Disney Company reported a 13% increase in revenues for the second quarter of fiscal year 2023. Diluted earnings per share (EPS) from continuing operations increased, while diluted EPS excluding certain items decreased compared to the prior-year quarter. The company is focusing on efficiency and streamlining operations.

Revenues for the quarter grew by 13%.

Diluted earnings per share (EPS) from continuing operations increased to $0.69.

Diluted EPS for the quarter, excluding certain items, decreased to $0.93.

The streaming business showed improved financial performance.

Total Revenue
$21.8B
Previous year: $19.2B
+13.3%
EPS
$0.93
Previous year: $1.08
-13.9%
Disney+ Paid ARMPU
$6.47
Previous year: $4.35
+48.7%
ESPN+ Paid Subscribers
25.3M
Previous year: 22.3M
+13.5%
Hulu Paid Subscribers
48.2M
Previous year: 45.6M
+5.7%
Gross Profit
$7.2B
Previous year: $6.66B
+8.2%
Cash and Equivalents
$10.4B
Previous year: $13.3B
-21.6%
Free Cash Flow
$1.99B
Previous year: $686M
+189.7%
Total Assets
$205B
Previous year: $202B
+1.2%

Disney

Disney

Disney Revenue by Geographic Location

Forward Guidance

This document does not contain any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income