Disney (DIS) Stock Dips Despite Surpassing Earnings Expectations and Boosting Streaming Revenue
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- Disney reported a 30% increase in adjusted earnings, to $1.21 per share, and a 1% rise in revenue to $22.08 billion in its Q2 results.
- The entertainment giant’s streaming revenue jumped 13% to $5.64 billion, driven by an increase in subscribers and average monthly subscription price.
- Disney raised its full-year adjusted earnings outlook to 25% growth, up from the previously expected 20%.
Disney’s Q2 results show improved streaming financials and an updated earnings guidance, despite falling short of revenue forecasts.
Disney’s Q2 Earnings Overview
Disney (DIS) reported a 30% increase in adjusted earnings, to $1.21 per share, marking a second straight quarter of slowing growth. Revenue rose 1% to $22.08 billion. The results cleared FactSet earnings expectations of $1.10 per share but fell just short of the revenue forecast of $22.12 billion. Disney+ subscribership increased to 153.6 million for the quarter, up from 149.6 million in Q1 but down from 157.8 million last year. FactSet expected 154.5 million subscribers for the quarter.
Streaming Revenue and Subscribership
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