Walt Disney Reports Record-High Q3 Earnings for FY2023
August 26, 2023
🌥️Earnings Overview
On August 9, 2023, WALT DISNEY ($NYSE:DIS) reported its earnings results for Q3 of FY2023, which ended on June 30, 2023. Total revenue for this quarter was USD 22.3 billion, a 3.9% increase from the same period a year prior. The company reported a net income of -USD 0.46 billion, as opposed to the previous year’s figure of USD 1.41 billion.
Market Price
The stock opened at a high of $89.2, but closed at $87.5, down by 0.7% from the previous closing price of 88.1. Despite the slight decrease, Walt Disney‘s Q3 earnings set a new high for this quarter, representing a strong boost in the company’s performance. The Walt Disney Company was able to take advantage of the pandemic and capitalize on the growth of streaming with the launch of its streaming platform Disney+. This helped to drive revenue growth and increase profits despite the difficult market conditions that have been impacting the entertainment industry.
Additionally, Walt Disney was able to reduce costs and increase efficiency, further contributing to the strong earnings report. Despite the slight dip in stock prices, investors remain optimistic about the stock’s future performance. With Disney+ continuing to gain traction, and potential for further cost-saving measures, Walt Disney is well-positioned to continue its success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walt Disney. More…
| Total Revenues | Net Income | Net Margin |
| 87.81k | 2.25k | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walt Disney. More…
| Operations | Investing | Financing |
| 7.59k | -4.39k | -4.61k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walt Disney. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 203.78k | 92.84k | 54.81 |
Key Ratios Snapshot
Some of the financial key ratios for Walt Disney are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 4.4% | 6.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 3.9% | 1.9% |
Analysis
At GoodWhale, we recently conducted an analysis of the financials of WALT DISNEY. We found that based on our Risk Rating system, WALT DISNEY is a high risk investment in terms of its financial and business aspects. During our analysis, we detected three risk warnings in income sheet, balance sheet, and non-financial areas. If you’d like to learn more about our findings, please register with us and we’ll be happy to provide more details. 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
Investors should assess Walt Disney‘s financial performance for FY2023 Q3 with caution. Despite the overall revenue increase, the company’s profitability was significantly impacted due to higher costs and expenses. As such, investors should carefully analyze the company’s financials to understand the underlying factors behind the performance in order to make an informed decision.
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