Disney Q4 Earnings Highlights: Revenue Miss, Earnings Beat, Disney+ Adds 7 Million Core Subscribers And More
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) reported Q4 revenue of $21.24 billion, up 5% YoY but missing the Street consensus estimate of $21.33 billion. EPS of 82 cents beat the Street consensus estimate of 70 cents. The company's revenue was broken down into Entertainment ($9.52 billion, +2% YoY), Sports ($3.91 billion, flat), and Experiences ($8.16 billion, +13%). Operating income increased 86% YoY to $2.98 billion. Disney+ added around 7 million core subscribers in Q4. Disney shares are up 2% to $86.27 in after-hours trading.
November 08, 2023 | 9:31 pm
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Disney's Q4 revenue missed estimates but EPS beat expectations. The company added 7 million core subscribers to Disney+.
Despite missing revenue estimates, Disney beat EPS expectations and added a significant number of subscribers to Disney+, which could be a positive signal to investors. This is reflected in the 2% increase in share price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100