The corporate reporting period has is going.
Last week, 11 companies from the S&P 500 index reported.
Today we will consider Walt Disney. Its revenue is $22.5B. It increased by +1.5% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +0.4%. Let’s analyze the company’s business in more detail.
Walt Disney is an American multinational media corporation that is currently the world’s largest media conglomerate in the entertainment industry. The company has 3 main segments: sports, franchises, and media entertainment.
Walt Disney’s revenues increased by +6.1% year-on-year. As of the end of the reporting quarter, the company had 174 million subscribers to Disney+ Core and Hulu, as well as more than 120 million paid subscribers to Disney+ Core, which is +4.4 million more than in the previous quarter. Also, advertising revenue on ESPN increased by +7% in the reporting quarter.
63% of the revenue structure is made up of production costs, and 37% is gross revenue. Over the past quarter, the company earned a profit of $564M. Its market capitalization is $197B.
After the publication of the report, Walt Disney shares increased by +6.7% and reached $115 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
