Categories Earnings, Leisure & Entertainment
Walt Disney (DIS) beats Q1 revenue and earnings estimates
Walt Disney (NYSE: DIS) topped revenue and earnings expectations for the first quarter of 2020, allowing the stock to gain 1.5% in aftermarket hours on Tuesday.
Total revenues increased 36% year-over-year to $20.8 billion, beating estimates of $20.7 billion.
GAAP net income attributable to Disney fell 22% to $2.1 billion while EPS dropped 37% to $1.16. Adjusted EPS declined 17% to $1.53 but surpassed forecasts of $1.46.

In the Media Networks segment, revenues rose 24% to $7.4 billion. Cable Networks revenues increased 20%. ESPN saw declines due to an increase in programming and production costs as well as lower advertising revenue. Broadcasting revenues grew 34% to $2.6 billion.
Revenue in Parks, Experiences and Products rose 8% to $7.4 billion. Higher sales of Frozen, Star Wars and Toy Story merchandise helped drive an increase in merchandise licensing results. Studio Entertainment revenues totaled $3.8 billion in the quarter. Direct-to-Consumer & International revenues rose from $0.9 billion to $4 billion.
As of quarter-end, Disney + had 26.5 million paid subscribers while ESPN+ had 6.6 million subscribers. Total Hulu subscribers amounted to 30.4 million, reflecting a 33% increase year-over-year.
In November, Disney began offering a bundled subscription package of Disney+, ESPN+ and Hulu. The bundled offering has a lower average retail price per service compared to the prices of each service on a standalone basis. The average monthly revenue per paid subscriber for ESPN+ decreased from $4.67 to $4.44 due to a shift in the mix of subscribers to the company’s bundled offering.
Listen to on-demand earnings calls and hear how management responds to analysts’ questions
Most Popular
Key takeaways from Kroger’s (KR) Q1 2025 earnings report
The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the
What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results
Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second
Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note
Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and