Categories Analysis, Leisure & Entertainment
DIS Earnings: Walt Disney Company Q1 revenue up 8%, adj. earnings fall
The Walt Disney Company (NYSE: DIS) announced first-quarter 2023 results Wednesday after regular trading hours, reporting a drop in adjusted earnings despite an increase in revenues.
The Burbank-headquartered entertainment behemoth said adjusted profit decreased to $0.99 per share in the December quarter from $1.06 per share a year earlier. On a reported basis, net income from continuing operations was $1.28 billion or $0.70 per share, compared to $1.15 billion or $0.63 per share in the prior-year period.
Revenues increase 8% annually to $23.5 billion in the first three months of 2023. Both media & entertainment revenues and parks & experiences revenue increased.
Check this space to read management/analysts’ comments on Walt Disney’s Q1 2023 results
“We believe the work we are doing to reshape our company around creativity, while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders,” said Robert Iger, CEO of Walt Disney.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key metrics from Lowe’s (LOW) Q1 2025 earnings results
Lowe's Companies, Inc. (NYSE: LOW) reported its first quarter 2025 earnings results today. Total sales were $20.9 billion compared to $21.4 billion in the prior-year quarter. Comparable sales decreased 1.7%.
TGT Earnings: All you need to know about Target’s Q1 2025 earnings results
Target Corporation (NYSE: TGT) reported its first quarter 2025 earnings results today. Net sales of $23.8 billion were down 2.8% compared to the year-ago period. Comparable sales decreased 3.8%, reflecting
Earnings Preview: Can Nvidia match its stellar FY25 performance this year?
For Nvidia Corporation (NASDAQ: NVDA), fiscal 2025 was a pivotal year in which the tech giant generated record-high revenue and profit, capitalizing on its leadership in the AI chip market.