Walt Disney Company Reports Second Quarter Earnings for 2022

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Walt Disney Company Reports Second Quarter Earnings for 2022

The Walt Disney Company today reported earnings for its second fiscal quarter of 2022.

The company reported a revenue of $19.25 billion in the quarter. Disney announced during the call that there are 205 million subscribers across all of its direct-to-consumer services, including 7.9 million new subscribers to Disney+, which keeps Disney on track to reach 230 to 260 million subscribers by fiscal year 2024.

In Q2, revenue grew 23 percent. Disney’s diluted earnings per share (EPS) decreased to $0.26 from $0.50 in the prior-year quarter. Excluding certain items, diluted EPS for the quarter increased to $1.08 from $0.79 in the prior-year quarter.

Walt Disney Company Reports Second Quarter Earnings for 2022

Related: Walt Disney Company has removed Geoff Morrell as its head of corporate affairs

“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own.”

—Bob Chapek, Chief Executive Officer, The Walt Disney Company.

“As we look ahead to Disney’s second century, I am confident we will continue to transform entertainment by combining extraordinary storytelling with innovative technology to create an even larger, more connected, and magical Disney universe for families and fans around the world.”

Related: The Walt Disney Company Earns 6 Academy Awards for 2022.

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Kevin is an Orlando, FL resident and Disney enthusiast. Other interests include movies, classic rock, sports, comedy, cooking, and enjoying outdoor activities.
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