DIS
Disney (NYSE: DIS) has outperformed expectations, reporting fiscal Q2 earnings of $1.21 per share, surpassing Wall Street predictions. Amidst this financial victory, Disney has upgraded its yearly earnings growth forecast from 20% to 25%.
CEO Bob Iger highlighted the significant progress in Disney's strategic turnaround, particularly noting a $47 million operating profit from its streaming services, including Disney+ and Hulu.
This boost comes despite the direct-to-consumer segment facing potential softness in the upcoming quarter. Iger remains optimistic, projecting profitability in the overall streaming sector, including ESPN+, by year-end.
Financial figures also saw a rise, with quarterly revenues reaching $22.08 billion, slightly under the anticipated $22.1 billion. Despite this success and a nearly 30% increase in stock prices this year, Disney shares dipped in premarket trading.
Here's a quick overview of Disney's financial performance:
| Results | |
| EPS Q2 | $1.21 |
| Previous EPS Growth Forecast | 20% |
| Updated EPS Growth Forecast | 25% |
| Q2 Revenue | $22.08B |
| Last Year Q2 Revenue | $21.8B |
| Bloomberg Revenue Estimate | $22.1B |
| Streaming Service Operating Profit | $47 million |
