The financial report is out for Disney’s second quarter of 2022 (that ended in March.) For the most part it seems Disney hit or exceeded expectations.
Overall revenue overall did miss but not by a lot. Expectation for the quarter was $20.11 billion and they hit $19.25 billion.
Disney+ somehow beat expectations. The expectation was 134.4 million subscribers and they hit 137.7 million, so 3.3 million above the expected amount. They added 7.9 million subscribers. (Keep promoting that half the subscribers do not have kids.)
Overall, since last year Disney+ has grown 33%. ESPN+ has grown 62%. Hulu has also grown but only at 10%. Of course remember ESPN+ and Disney+ was forced on some Hulu users which would partially account for the large increases for those while a much smaller increase for Hulu.
The parks of course did better than expected, but given all the price increases, upcharges and more we aren’t surprised. Expectation was $6.12 billion and it hit $6.7 billion. While park revenue performed at $3.7 billion, which exceeded the estimate of $3.26 billion.
We will learn more during the investor call. Stay tuned.
Source: Laughing Place
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