https://assets.capyfin.com/instruments/678fdc13234e27009c5d5746.png avatar
Disney
🇺🇸 NYSE:DIS
View Company
OverviewEarningsDividends
•
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.

Total Revenue
$21.5B
Previous year: $17B
+26.3%
EPS
$1.09
Previous year: $0.8
+36.3%
Hulu Paid Subs
46.2M
Previous year: 42.8
+107943825.2%
ESPN+ Paid Subs
22.8M
Previous year: 14.9
+153020034.2%
Disney+ ARMPS
$4.35
Previous year: $4.16
+4.6%
Gross Profit
$7.82B
Previous year: $5.79B
+35.1%
Cash and Equivalents
$13B
Previous year: $16.1B
-19.4%
Free Cash Flow
$187M
Previous year: $528M
-64.6%
Total Assets
$204B
Previous year: $202B
+0.9%

Disney

Disney

Disney Revenue by Geographic Location

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

Company Overview

Full financial data and analysis

View Disney