Categories AlphaGraphs, Earnings, Leisure & Entertainment
DIS Earnings: Walt Disney Company Q2 2023 revenue increases 13%
The Walt Disney Company (NYSE: DIS) announced second-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 $0.93 per share in the March quarter from $1.08 per share a year earlier. On a reported basis, net income from continuing operations was $1.27 billion or $0.69 per share, compared to $470 million or $0.26 per share in the prior-year period.
Revenues increase 13% annually to $21.8 billion in the second quarter of 2023. Both media & entertainment revenue and parks & experiences revenue increased.
“From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations,” said Robert Iger, CEO of Walt Disney.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
ORCL Infographic: Oracle Q3 profit rises on higher revenues
Technology giant Oracle Corporation (NYSE: ORCL) Monday reported higher revenues and adjusted earnings for the third quarter of 2025. Total revenues increased to $14.13 billion in the February quarter from
eBay (EBAY): Here are a few strategic initiatives anticipated to fuel growth
Shares of eBay Inc. (NASDAQ: EBAY) fell over 4% on Monday. The stock has gained 8% year-to-date. The company delivered revenue and profit growth for the fourth quarter of 2024
After mixed Q2, can Costco navigate consumer caution and tariff woes?
Costco Wholesale Corporation’s (NASDAQ: COST) second-quarter report failed to impress the market as earnings missed estimates amid cautious consumer spending. The mixed results have come at a time when retailers,