Disney

February 8, 2023 The Walt Disney Company today reported earnings for its first quarter ended December 31, 2022. Revenues for the quarter grew 8% to $23.51 billion. Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.70 from $0.63 in the prior-year quarter. Adjusted per-share earnings fell to $0.99 during the three months ended Dec. 31 from $1.06 a year earlier, compared with the consensus on Capital IQ for $0.79. Excluding certain items, diluted EPS for the quarter decreased to $0.99 from $1.06 in the prior-year quarter. The following table summarizes the first quarter results for fiscal 2023 and 2022 (in millions, except per share amounts): segment revenue and segment operating income Paid subscribers THE WALT DISNEY COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Disney (NYSE:DIS) had Q1 2023 revenue of $23.51 billion, versus analyst expectations of $23.39 billion, Disney+ subscribers for Q1 2023 of $161.8 million versus 164 million expected, adjusted earnings per share for Q1 2023 of $0.99 versus analyst expectations of $0.74, and Q1 2023 revenue of $8.74 billion.

Disney: The movie “Avatar 2” grossed more than $1 billion worldwide.