During Wednesday’s earnings call, The Walt Disney Company disclosed that they generated around $21.8 billion in revenue for the second quarter of 2023.
Revenues for the quarter and six months grew 13% and 10%, respectively.
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“We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company.
“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.”
This report marks Disney’s first update following the announcement of its reorganization into three divisions: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. CEO Bob Iger aims to streamline the company and redefine its strategy. Starting later this year, Disney will report its financial results based on the new organizational structure.
Click here for the full second Quarter Earnings for Fiscal 2023.
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