Leisure behemoth The Walt Disney Firm (NYSE: DIS) on Wednesday reported increased revenues and earnings for the third quarter of 2022. The outcomes additionally topped expectations.
Third-quarter revenues of the Los Angeles-based firm superior to $21.50 billion from $17.02 billion in the identical interval final 12 months and surpassed consultants’ projections.
The robust revenues drove up adjusted earnings from persevering with operations to $1.09 per share within the newest quarter from $0.80 per share within the prior-year quarter. Analysts had predicted a slower development. Unadjusted revenue from persevering with operations was $1.41 million or $0.77 per share, in comparison with $923 million or $0.50 per share final 12 months.
Examine this area to learn administration/analysts’ feedback on Walt Disney’s Q3 2022 outcomes
“We proceed to rework leisure as we close to our second century, with compelling new storytelling throughout our many platforms and distinctive immersive bodily experiences that exceed visitor expectations, all of that are mirrored in our robust working outcomes this quarter,” mentioned Bob Chapek, CEO of Walt Disney.