Loading...
•
Jul 02, 2022
Disney Q3 2022 Earnings Report
Disney's Q3 2022 earnings showcased strong performance in domestic theme parks, increased live-sports viewership, and significant subscriber growth in streaming services.
Key Takeaways
Disney reported strong Q3 2022 earnings with a 26% increase in revenue and a diluted EPS increase to $0.77 from $0.50 in the prior-year quarter. The company's streaming services saw significant subscriber growth, with Disney+ adding 14.4 million subscribers.
Revenues for the quarter grew by 26% compared to the prior-year quarter.
Diluted earnings per share (EPS) from continuing operations increased to $0.77, up from $0.50 in the prior-year quarter.
Disney+ subscribers increased by 14.4 million, bringing the total subscriptions across streaming offerings to 221 million.
Domestic theme parks demonstrated outstanding performance.
Disney
Disney
Disney Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The earnings release includes forward-looking statements regarding future performance and growth, which are subject to various risks and uncertainties.
Positive Outlook
- Statements are based on management’s views and assumptions regarding future events and business performance.
- Company has been releasing films theatrically in fiscal 2022, although certain markets continue to impose restrictions on theater openings and capacity.
- Domestic parks and resorts are generally operating without significant COVID-19-related capacity restrictions.
- Cruise ships have generally been operating without COVID-19-related capacity restrictions since April 2022.
- Film and television productions have generally resumed, although disruptions of production activities are possible depending on local circumstances.
Challenges Ahead
- Actual results may differ materially from those expressed or implied due to various factors.
- Changes in domestic and global economic conditions could impact results.
- Competitive conditions and consumer preferences, including competition to create or acquire content, pose risks.
- Health concerns and their impact on businesses and productions may affect future performance.
- International, regulatory, legal, political, or military developments could lead to differences in actual results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income