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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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