The Walt Disney Company (DIS) reported the latest financial results for its second fiscal quarter on Wednesday.
World’s largest entertainment company reported revenue of $19.249 billion (an increase of 23% year-over-year) for the quarter vs. $20.054 billion expected.
Earnings per share reported at $1.08 per share (an increase of 37% year-over-year), falling short of analyst forecast of $1.19 per share.
Total Disney+ subscriptions rose to 137.7 million in the quarter vs. 135 million expected.
Bob Chapek, CEO of Walt Disney commented on the latest results: ”Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own.”
”As we look ahead to Disney’s second century, I am confident we will continue to transform entertainment by combining extraordinary storytelling with innovative technology to create an even larger, more connected, and magical Disney universe for families and fans around the world,” Chapek added.
The Walt Disney Company chart
Shares of Walt Disney were down by 2.29% on Wednesday, trading at $105.17 per share.
Here is how the stock has performed in the past year:
Walt Disney price targets
The Walt Disney Company is the 48th largest company in the world with a market cap of $191.54 billion.
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Sources: The Walt Disney Company, TradingView, CompaniesMarketCap
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