Walt Disney (DIS) Tops Q3 EPS by 11c

Walt Disney (NYSE: DIS) reported Q3 EPS of $1.09, $0.11 better than the analyst estimate of $0.98. Revenue for the quarter came in at $21.5 billion versus the consensus estimate of $20.99 billion.

“We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services. With 14.4 million Disney+ subscribers added in the fiscal third quarter, we now have 221 million total subscriptions across our streaming offerings,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “We continue to transform entertainment as we near our second century, with compelling new storytelling across our many platforms and unique immersive physical experiences that exceed guest expectations, all of which are reflected in our strong operating results this quarter.”

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