WALT DISNEY Reports USD 22.3 Billion in Revenue for Fiscal Year 2023, Up 3.9% From Previous Year
August 23, 2023
🌥️Earnings Overview
On 30 June 2023, WALT DISNEY ($NYSE:DIS) revealed their third quarter results for fiscal year 2023, showing a 3.9% increase in total revenue to USD 22.3 billion. However, the net income was a drastic decrease from the previous year, standing at USD -0.46 billion in comparison to the 1.41 billion reported in the same period in the prior year.
Analysis
GoodWhale provides an analysis of WALT DISNEY‘s wellbeing. According to the Star Chart, WALT DISNEY is classified as a ‘rhino’, which signifies that the company has achieved moderate revenue or earnings growth. As a result, investors looking for steady returns may find WALT DISNEY an attractive option. The company has a high health score of 8/10 with regard to its cashflows and debt, meaning it is capable of riding out any crisis without the risk of bankruptcy. WALT DISNEY is strong in asset, growth, and profitability while weak in dividend. This means that income-oriented investors may not find this company to be attractive. Therefore, those looking for moderate returns over a long period may be interested in investing in WALT DISNEY. More…
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% |
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 in WALT DISNEY should be aware of the company’s third quarter earnings results for the fiscal year 2023, which showed total revenue of USD 22.3 billion – a 3.9% increase from the previous year. However, net income was USD -0.46 billion – a drastic drop from the 1.41 billion reported for the same quarter in the previous year. This presents a cautionary outlook for investors, who should monitor the company’s financial performance closely going forward and consider their own risk appetite when making decisions about investing in WALT DISNEY.
Related Posts
Recent Posts
