(Walt Disney) Shares of Walt Disney fell more than 5% in premarket on Thursday after reporting earnings per share of $0.26 in the second quarter of 2022. The earnings were lower than $0.50 per share in the prior year.
Excluding certain items, Disney said that its EPS was $1.08 in the second quarter, up 37% from the prior year.
Walt Disney’s net income from continuing operations also came lower at $470 million, compared to $912 million in the prior year. The income in the six months period was $1.622 billion, an increase of 72% from the prior year.
The company saw a 23% jump in revenues to $19.25 billion in the second quarter. The revenue was $41.07 billion in the six months period, up 29% from the prior year.
Disney+ total subscriptions surpassed estimates of 135 million to hit 137.7 million, representing an increase of 33% from the prior year.
Disney’s parks, experiences, and products segment booked revenues of $6.7 billion in the quarter, more than double from the prior year.
