WALT DISNEY Reports FY2023 Q2 Earnings Results on March 31, 2023

🌥️Earnings Overview

On March 31, 2023, WALT DISNEY ($NYSE:DIS) reported its FY2023 Q2 earnings results with total revenue of USD 21815.0 million, a 13.3% year-on-year increase. Net income for the quarter was USD 1271.0 million, a significant 170.4% growth compared to the same period in the previous year.

Price History

Wednesday, March 31, 2023 was a day of disappointment for Walt Disney shareholders, as the company reported its second quarter Fiscal Year 2023 earnings results. The stock initially opened at $103.0, but by the end of the day, it had dropped to $101.1 – a decrease of 1.0% from its previous closing price of $102.2. However, Disney’s stock was still down from its opening figure, a sign of investor concern over the company’s reduced earnings. Disney’s management attempted to reassure investors in a statement, saying that they remain confident in their long-term prospects, and that they are actively working to expand their reach into new markets and technologies. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Walt Disney. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Walt Disney. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Walt Disney. More…

Key Ratios Snapshot

Some of the financial key ratios for Walt Disney are shown below. More…

Analysis

GoodWhale has performed an analysis of WALT DISNEY‘s financials, and based on our Star Chart classification, we have classified WALT DISNEY as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This means that investors who are looking for steady returns may find WALT DISNEY an attractive investment option. We can also see that WALT DISNEY has a high health score of 8/10, indicating that the company is in a strong financial position and capable of paying off its debts and funding future operations. Furthermore, we can see that WALT DISNEY is strong in asset and profitability, medium in growth, and weak in dividend. This indicates that the company could benefit from better dividend management and more focus on growth. More…

Peers

The Walt Disney Co is the largest entertainment company in the world. It operates in four business segments: media networks, parks and resorts, studio entertainment, and consumer products. The company has a wide array of competitors, including Netflix Inc, Paramount Global, Warner Bros.Discovery Inc, and many others.

– Netflix Inc ($NASDAQ:NFLX)

Netflix is a streaming service for movies and TV shows. It has a market cap of 109B as of 2022 and a Return on Equity of 22.38%. The company was founded in 1997 and is headquartered in Los Gatos, California.

– Paramount Global ($NASDAQ:PARA)

Paramount Global has a market cap of 12.64B as of 2022, a Return on Equity of 18.54%. The company is a leading provider of global insurance and reinsurance solutions. It offers a broad range of products and services to meet the needs of its clients.

– Warner Bros.Discovery Inc ($NASDAQ:WBD)

Discovery, Inc. is a global media and entertainment company that operates a portfolio of cable television networks and produces original content for a variety of platforms. The company operates in over 220 countries and territories and reaches nearly 3 billion people around the world. Discovery’s primary businesses include Discovery Channel, Animal Planet, Science Channel, Investigation Discovery, TLC, OWN: Oprah Winfrey Network, Velocity, Travel Channel, Food Network, Cooking Channel, and HGTV. The company also operates Eurosport, Discovery Kids, Discovery Family, and Discovery Turbo. In addition to its cable networks, Discovery also owns and operates digital media properties, including Discovery Digital Networks, Seeker Network, and TestTube.

Summary

Walt Disney‘s Q2 2023 financial results saw strong growth compared to the same quarter the previous year. Total revenue increased by 13.3%, while net income jumped by a remarkable 170.4%. This impressive performance suggests that investing in the company is a sound choice for investors looking to reap the benefits of a reliable, long-term stock. As Disney’s consumer experiences and products continue to evolve, the company remains well positioned to benefit from consumer trends and improved economic conditions.