WALT DISNEY Reports Third Quarter Earnings Results for FY2023 on June 30, 2023
August 12, 2023
🌥️Earnings Overview
On June 30 2023, WALT DISNEY ($NYSE:DIS) reported its third quarter earnings for FY2023. Total revenue for the quarter was USD 22.3 billion, a 3.9% increase from the corresponding quarter the prior year. Net income for the quarter, however, was USD -0.46 billion, a decline from the USD 1.41 billion of the year before.
Price History
WALT DISNEY stock opened at $89.2 and closed at $87.5, which represented a decrease of 0.7% from the prior closing price of 88.1 the day before. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walt Disney. More…
| Total Revenues | Net Income | Net Margin |
| 87.81k | 2.25k | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walt Disney. More…
| Operations | Investing | Financing |
| 7.59k | -4.39k | -4.61k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walt Disney. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 203.78k | 92.84k | 54.81 |
Key Ratios Snapshot
Some of the financial key ratios for Walt Disney are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 4.4% | 6.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 3.9% | 1.9% |
Analysis
GoodWhale conducted an analysis of The Walt Disney Company’s wellbeing. According to our Star Chart, The Walt Disney Company is strong in asset, growth, and profitability, but weak in dividend. This classification as a ‘rhino’ company, one that has achieved moderate revenue or earnings growth, is indicative of who may be interested in investing in the company. The Walt Disney Company has a high health score of 8/10, considering its cash flows and debt, is capable to sustain future operations and ride out times of crisis. This can reassure investors that it is a stable choice with potential for growth and return on investment. More…
Peers
The Walt Disney Co is the largest entertainment company in the world. It operates in four business segments: media networks, parks and resorts, studio entertainment, and consumer products. The company has a wide array of competitors, including Netflix Inc, Paramount Global, Warner Bros.Discovery Inc, and many others.
– Netflix Inc ($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 reported their earnings results for 3rd quarter of FY2023 on June 30, 2023. This is a significant decline in profitability, and investors should monitor the company closely to see if further losses are incurred. Further analysis should be done to determine what factors led to this decrease in performance and how it affects WALT DISNEY’s future outlook.
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