Walt Disney (DIS) Tops Q1 EPS by 42c

Walt Disney (NYSE: DIS) reported Q1 EPS of $1.06, $0.42 better than the analyst estimate of $0.64. Revenue for the quarter came in at $21.82 billion versus the consensus estimate of $18.78 billion.

“We’ve had a very strong start to the fiscal year, with a significant rise in earnings per share, record revenue and operating income at our domestic parks and resorts, the launch of a new franchise with Encanto, and a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added in the first quarter,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “This marks the final year of The Walt Disney Company’s first century, and performance like this coupled with our unmatched collection of assets and platforms, creative capabilities, and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years.”

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