- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Disney falls short of expectations – the stock tumbles in the after-hours
- Home
- News & Analysis
- Shares and Indices
- Disney falls short of expectations – the stock tumbles in the after-hours
- 1 month: +7.30%
- 3 months: -7.61%
- Year-to-date: -35.50%
- 1 year: -42.95%
- Keybanc: $143
- UBS: $135
- Rosenblatt: $134
- JP Morgan: $145
- B of A Securities: $127
- Arete Research: $263
- Credit Suisse: $157
- Wells Fargo: $145
- Goldman Sachs: $140
News & AnalysisNews & AnalysisDisney falls short of expectations – the stock tumbles in the after-hours
9 November 2022 By Klavs ValtersThe Walt Disney Company (NYSE: DIS) reported the latest financial results for the fourth quarter and fiscal year ended October 1, 2022, after the closing bell in the US on Tuesday.
The biggest entertainment company in the world missed both revenue and earnings per share estimates (EPS) for the quarter.
The company reported revenue of $20.15 billion for the quarter (up by 9% year-over-year) vs. the $21.268 billion estimate.
EPS reported at $0.30 per share (down by 19% year-over-year) vs. the $0.558 per share expected.
Revenue reached $82.722 billion for the fiscal year that ended October 1, 2022 – up 23% from the previous year. EPS reported at $3.53% per share, up by 54% from 2021.
”2022 was a strong year for Disney, with some of our best storytelling yet, record results at our Parks, Experiences and Products segment, and outstanding subscriber growth at our direct-to-consumer services, which added nearly 57 million subscriptions this year for a total of more than 235 million,” Bob Chapek, CEO of Disney said in a press release.
”Our fourth quarter saw strong subscription growth with the addition of 14.6 million total subscriptions, including 12.1 million Disney+ subscribers. The rapid growth of Disney+ in just three years since launch is a direct result of our strategic decision to invest heavily in creating incredible content and rolling out the service internationally, and we expect our DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming we do not see a meaningful shift in the economic climate. By realigning our costs and realizing the benefits of price increases and our Disney+ ad-supported tier coming December 8, we believe we will be on the path to achieve a profitable streaming business that will drive continued growth and generate shareholder value long into the future. And as we embark on Disney’s second century in 2023, I am filled with optimism that this iconic company’s best days still lie ahead,” Chapek added.
Shares of Disney were little changed at the end of the day on Tuesday, down by 0.53% at $99.94 a share.
The stock fell by around 9% in the after-hours trading after missing Wall Street estimates for the previous quarter.
Stock performance
Walt Disney price targets
Walt Disney is the 50th largest company in the world with a market cap of $182.12 billion.
You can trade The Walt Disney Company (NYSE:DIS) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: The Walt Disney Company, TradingView, Benzinga, CompaniesMarketCap
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
Next Article
China in Covid 19 limbo creating headwind for the global economy?
In recent days and weeks there have been rumours that China is beginning to consider an easing of its Covid restrictions. As virtually the last country with extreme Covid restrictions, a shift in policy from China would be a major catalyst for the global markets and economy. Whilst the CCP has not yet announced any actual easing, there are hopes th...
November 9, 2022Read More >Previous Article
BioNTech tops Q3 expectations – the stock is up
BioNTech SE (NASDAQ:BNTX) reported its third quarter financial results on Monday. The German pharmaceutical company beat both revenue and earnings ...
November 8, 2022Read More >Please share your location to continue.
Check our help guide for more info.