Disney (DIS) reported its fiscal third-quarter earnings Wednesday, as the company seeks to bring more clarity to its direct-to-consumer strategy while struggling with macroeconomic headwinds.
Disney shares rose on the back of the report, rising about 6% in after-hours trading.
Here are Disney’s third-quarter results compared to Wall Street’s Bloomberg consensus forecast:
- Revenue: $21.5 billion versus $21 billion expected.
- Earnings per share (EPS): $1.09 vs. $0.96 expected.
- Net increase in Disney+ subscribers: 14.4 million vs. 10 million expected.
- Parks, Entertainment and Consumer Products revenue: $7.39 billion vs. $6.65 billion expected.
Disney’s parks, entertainment and consumer products segment continued to thrive amid a surge in spring travel, especially among international travelers. Operating income in this segment was $2.19 billion, up more than 100 percent for the year.