Disney Releases 2nd Quarter Earnings Report Ahead of Webcast
It’s that time already — The Walt Disney Company just released its second quarter earnings report.
Photo: Disney
Disney reports their financial earnings via an audio webcast four times a year, with 2024’s second quarter call taking place before the bell at 8:30AM ET. You can take a look at the second quarter report here, and we’re going over some of the biggest takeaways.
Overall 2nd Quarter Report
Overall, Disney shared that revenues for the quarter increased to $22.1 billion from $21.8 billion in the prior-year quarter.
Photo: Disney
Diluted earnings per share (EPS) was a loss of $0.01 for the second quarter versus the income of $0.69 in the prior-year quarter.
And excluding some items, diluted EPS for the second quarter increased to $1.21 from $0.93 in the prior-year quarter.
Disney Experiences
In the parks, Disney reported that revenue totaled $8.4 billion, which is a 10% increase from the prior year. They also shared an operating income of $2.3 billion, an increase of 12% since last year.
Cinderella Castle in Magic Kingdom
Disney stated that they “continue to expect robust operating income growth at Experiences for the full year.”
“Disney+ Subscribers
After initially gaining subscribers in droves, Disney revealed during the first quarter earnings call that their core subscribers had decreased by 1.3 million.
Today, however, Disney reported that their Disney+ core subscribers increased by more than 6 million in the second quarter, and Disney+ Core ARPU increased by 44 cents.
(Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)
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