👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Walt Disney Shares Jump 4% on Q2 Beat

Published 05/11/2022, 12:32 PM
Updated 05/11/2022, 04:33 PM
© Reuters.  Walt Disney Shares Jump 4% on Q2 Beat
DIS
-

Walt Disney (DIS) shares were trading around 4% higher after-hours following the company’s reported Q2 results, with EPS of $1.08 coming in better than the consensus estimate of $1.06. Revenue grew 23% year-over-year to $19.25 billion, beating the consensus estimate of $18.36 billion.

According to CEO Bob Chapek, The Walt Disney Company (NYSE:DIS) added 7.9 million Disney+ subscribers in Q2, with total subscriptions across all its DTC offerings exceeding 205 million. This also topped Wall Street's views.

Revenue for Disney Parks, Experiences and Products more than doubled, while Disney Media and Entertainment Distribution saw revenue rise 9%. Direct-to-Consumer revenues for the quarter increased 23%.

"Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services," CEO Bob Chapek commented.

Shares of Disney were down 32% year-to-date going into the results.

By Davit Kirakosyan.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.