Disney Q4 2022 Earnings Report
Key Takeaways
The Walt Disney Company reported a 9% increase in revenue for the fourth quarter of fiscal year 2022. Diluted EPS from continuing operations was comparable to the prior-year quarter at $0.09, but decreased to $0.30 when excluding certain items. The company saw strong subscriber growth in its direct-to-consumer services, with Disney+ adding 12.1 million subscribers.
Total subscriptions increased by 14.6 million, including 12.1 million Disney+ subscribers.
Disney+ subscriber growth reflects strategic investments in content and international expansion.
Parks, Experiences and Products segment saw record results.
Company expects DTC operating losses to narrow and Disney+ to achieve profitability in fiscal 2024.
Disney
Disney
Forward Guidance
The company expects DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming no significant shift in the economic climate.