Walt Disney (DIS) Stock: Why It Increased Over 8% Today

By Amit Chowdhry ● Aug 11, 2022
  • The stock price of Walt Disney (DIS) increased by over 8% pre-market today. This is why.

The stock price of Walt Disney (DIS) increased by over 8% pre-market today. Investors responded positively to the company’s third-quarter results.

For the third quarter, Walt Disney reported a Q3 EPS of $1.09, which was $0.11 higher than analyst estimates of $0.98. And the revenue for the quarter was $21.5 billion compared to the consensus estimate of $20.99 billion. 

Disney had reported 14.4 million Disney+ subscribers were added in the quarter. With these additions, Disney+ now has a total of 221 million subscriptions.

With 14.4 million Disney+ subscribers added in the fiscal third quarter, it now has 221 million total subscriptions.