Disney (DIS) Q3 2022 Earnings Results

By Amit Chowdhry ● Aug 11, 2022
  • The Walt Disney Company (DIS) recently reported earnings for the third fiscal quarter ended July 2, 2022. These are the details.

The Walt Disney Company (DIS) recently reported earnings for the third fiscal quarter ended July 2, 2022. Below are the highlights.

1.) Revenues for the quarter and nine months grew 26% and 28%, respectively.

2.) Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.77 from $0.50 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.09 from $0.80 in the prior-year quarter.

3.) Diluted EPS from continuing operations for the nine months ended July 2, 2022, increased to $1.66 from $1.02 in the prior-year period. Excluding certain items(1), diluted EPS for the nine months increased to $3.22 from $1.91 in the prior-year period.

4.) Q3 EPS of $1.09, which was $0.11 higher than analyst estimates of $0.98.

5.) Revenue for the quarter was $21.5 billion compared to the consensus estimate of $20.99 billion.

Disney Q3 2022

KEY QUOTE:

“We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services. With 14.4 million Disney+ subscribers added in the fiscal third quarter, we now have 221 million total subscriptions across our streaming offerings. We continue to transform entertainment as we near our second century, with compelling new storytelling across our many platforms and unique immersive physical experiences that exceed guest expectations, all of which are reflected in our strong operating results this quarter.”

— Bob Chapek, Chief Executive Officer, The Walt Disney Company