Walt Disney (DIS) Q2 Revenue Tops Consensus
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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2022
May 11, 2022 4:05 PM EDTBURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported earnings for its second fiscal quarter ended April 2, 2022.
Revenues for the quarter and six months grew 23% and 29%, respectively, despite a $1.0 billion reduction for the amount due to a customer to early terminate license agreements for film and television content delivered in previous years in order for the Company to use the content primarily on our direct-to-consumer services. Diluted earnings per share (EPS) from continuing operations for the quarter decreased to $0.26 from $0.50 in the prior-year quarter.... More