DIS & Dreams Event - Disneyland Resort in California
August 4 - 5, 2023

Disney Releases its Quarterly Earnings Report

Today, the Walt Disney Company released their earnings report for their most recent fiscal quarter, showing a decline over last year.



Earnings were $1.55 per share with $14.78 billion in revenue. That is a drop of 3% in revenue over last year and 10% off the per share profit. Analysts expected profits to be even lower, but Wall Street was hoping for better.

Sales of consumer products and interactive media resulted in $1.48 billion in revenue, media networks brought in $6.23 billion, the studios segment revenue was $2.52 billion and parks and resorts reported $4.56 in revenue.¬† Revenue for the studios was in line with expectations, but all other segments were below Wall Street’s expectations for the quarter.

Despite the numbers, Disney CEO and Chairman Bob Iger said in his quarterly conference call that Disney is “extremely well-positioned to strategically and successfully navigate the dynamic marketplace and generate value [over the long term].”



Iger briefly discussed his 2018 retirement date, saying that he has faith that the proper successor will be chosen in time, but left the door open to delaying his retirement.

During the conference call, Iger also announced the opening dates for the Avatar and Star Wars themed lands coming to Disney Parks.

Source: CNBC



Tom is the host and producer of the DIS Unplugged: Disneyland Edition podcast, plus Disneyland Editor of The DIS. He enjoys traveling with his wife and teenage son. At this point, their favorite destination is Alaska, with a FIFTH cruise there planned for the Summer of 2019. In his spare time he volunteers with Boy Scouts and Cub Scouts, and help found his son's former Cub Scout Pack. His favorite Disneyland attraction is Space Mountain.






















REQUEST A FREE DISNEY VACATION QUOTE

Our agents will assist you in booking the perfect Disney getaway, all at no extra cost to you. Get the most out of your dream vacation by letting us assist you with dining and park reservations, provide expert advice, answer any questions, and continuously search for discounts to ensure you get the best deal possible.

CLICK HERE!