5 Quarterly Reports Everyone is Talking About

Page 5 of 5

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 111

The Walt Disney Company (NYSE:DIS) recently missed profit and sales expectations for its fiscal second quarter. The entertainment giant reported adjusted earnings of $1.08 per share, significantly higher than 79 cents per share in the year-ago period.

In addition, The Walt Disney Company (NYSE:DIS) posted revenue of $19.2 billion, up 23 percent on a year-over-year basis. However, the results fell short of analysts’ average estimate of $1.19 per share for earnings and $20.03 billion for revenue.

Follow Walt Disney Co (NYSE:DIS)

The company’s largest segment, Media and Entertainment Distribution, generated revenue of $13.62 billion, compared to $12.44 billion in the same period of 2021. Among other updates, The Walt Disney Company (NYSE:DIS) reported that it added 7.9 million new Disney+ subscribers in the quarter, bringing the total count to 137.7 million.

Speaking on the results, CEO Bob Chapek said in a statement:

“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own.”

You can also take a peek at 10 Cheap Oil Stocks to Buy in 2022 and 10 Favorite Stocks of Dan Loeb’s Third Point.

Page 5 of 5