The Walt Disney Company reported their First Quarter Earnings for 2022 this week. It’s quite an interesting quarter for the company since it reflects a shift in consumers returning to “normal” business behavior. The first quarter 2022 results are beating financial analyst expectations. The company reported $21.82 billion in earnings, which surpasses the $20.8 billion expected
Going into the earnings results, analysts were optimistic that Disney+ would fare better than the previous quarter, thanks to a boost from new content releases.
Related: Obi-Wan Kenobi Series coming to Disney+ this May
New membership additions for the company’s two-year-old Disney+ streaming service surpassed analysts’ expectations. The metric was in focus as a return to in-person activities had some concerned over future growth for the direct-to-consumer video service, which benefitted from the height of stay-at-home orders during the COVID-19 pandemic.
Turnout at Disney’s lucrative parks and resorts also climbed, with revenue from the entertainment giant’s parks, experience and products business hitting $7.23 billion, more than double from a year before.
Related: National Museum of American History needs your Disney Park Photos
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Source: The Walt Disney Company
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