Walt Disney CompanyDIS
▲ PositiveCapitalrelevance
Q3 EPS beat estimates and operating income grew strongly across segments.
Impact on stocks 1
Communication Services
Walt Disney CompanyWalt Disney reported third-quarter adjusted earnings per share of $2.06, up 28% from a year earlier and above the market forecast of $1.86. The blockbuster film Toy Story 5 contributed not only to box office revenue but also to higher merchandise sales, expanded usage of the Disney Plus streaming service, and increased theme park attendance. Revenue rose 7% to $25.2 billion, missing the $25.4 billion estimate, but the experiences segment, which includes theme parks, saw revenue climb 10% to about $10 billion and operating income jump 20% to $3 billion. The entertainment segment posted a 6% revenue increase to $11.3 billion and a 64% surge in operating income to roughly $1.7 billion, with Disney Plus and Hulu subscription fees up 15%. The sports segment generated $4.5 billion in revenue, but operating income fell 17% to $858 million as the NBA playoffs contributed less than expected. The company projects total operating income of $4.9 billion for the fourth quarter.
Walt Disney CompanyQ3 EPS beat estimates and operating income grew strongly across segments.