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Disney (DIS) Fiscal Year 2022 Second Quarter Revenue

In the illustration in this photo, a close-up of the hand holding the TV remote control displayed in front of the Disney + logo.

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Disney He reported an unexpected increase in streaming subscribers on Wednesday, but warned that Covid’s impact on Asian theme parks is still being seen.

The results are as follows.

  • Profit per share: $ 1.08 adjustment
  • Revenue: $ 19.25 billion. This includes a $ 1 billion savings due to the early termination of some license agreements.
  • Disney + Total Subscriptions: Expected to be 137.7 million vs. 135 million, according to StreetAccount

Disney stocks fell more than 4% in after-hours trading.. The stock move will take place after the company’s stock hit a 52-week low of $ 104.79 at the beginning of Wednesday.

According to the StreetAccount, Disney reported that the total number of Disney + subscriptions in the second quarter increased to 137.7 million, exceeding analysts’ forecast of 135 million. In addition, domestic Disney + subscriber revenue per user (ARPU) was up 5% to $ 6.32.

“The good performance in the second quarter includes excellent performance in domestic parks and continued growth of streaming services. This quarter added 7.9 million Disney + subscribers and all DTCs. The total number of subscriptions to the service has exceeded 205 million. We are in our own league. “

Investors wanted to see the number of Disney subscriptions later Netflix report 200,000 subscribers lost in the last quarter, The first decrease in paid users in over 10 years. The company forecasts global paying subscriber losses of 2 million in the second quarter.

Disney’s share has fallen by 30% since January, more than 40% compared to the same period last year. Investors are wondering if the company can sustain streaming growth and how the potential for increased inflation and recession will affect other business ventures.

The company has shown signs of recovering from Covid’s restrictions.

Disney’s Parks, Experiences, and Products segment revenues in the fourth quarter were more than doubled year-over-year to $ 6.7 billion. According to the company, this growth was driven by increased attendance, hotel reservations, cruise ship voyages, higher ticket prices, and increased spending on food, beverages and commodities.

Disney said domestic parks are beginning to see a return from foreign travelers, but not at the level the company saw before the pandemic. This group of visitors used to make up 18% to 20% of guests.

Moreover, not all international parks opened full-time in the previous quarter. While Paris Disneyland celebrated its 30th anniversary, Shanghai Disneyland and Hong Kong Disneyland temporarily closed their gates due to local Covid spikes.

This is the latest news. Please check for updates.

Disney (DIS) Fiscal Year 2022 Second Quarter Revenue

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