2/8, 10:08 PM (Source: TeleTrader)
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Disney: Q1 revenues up 8% to $23.51B

The Walt Disney Company reported on Wednesday that its revenues reached $23.51 billion in the first quarter of fiscal 2023 and rose by 8% in comparison to the same trimester the year prior. Net income from continuing operations amounted to $1.28 billion in the first three-month period of fiscal 2023, up 11% year on year. Diluted earnings per share from continuing operations (EPS) hit $0.70 after increasing by 11% from the opening quarter of 2022.

The number of Disney+ paid subscribers declined by 1% on a quarterly basis to 161.8 million. Subscriptions for ESPN+ and Hulu each rose by 2% to 24.9 million and to 48 million, respectively.

Company shares were 2.21% higher in late trading after the release of the report.

Baha Breaking News (BBN) / MS