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Disney (DIS) Posts Q3 Earnings and Revenue Beats, ESPN Sees Slight Growth

Ryan McQueeney
Updated

The Walt Disney Company (DIS) just released its third quarter earnings results, posting earnings of $1.62 per share and revenue of $14.277 billion.

Currently, DIS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Disney:

1. Beat earnings estimates. The company posted earnings of $1.62 per share, just edging out our Zacks Consensus Estimate of $1.61.

2. Beat revenue estimates. The company saw revenue figures of $14.277 billion, beating our estimate of $14.167 billion.  

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3. Media Networks revenue grew 2% to $5.906 billion. This was backed by 1% growth in the Cable Networks division, which was boosted by “affiliate and advertising revenue growth” at ESPN.

4. Studio Entertainment revenue grew 40% to $2.847 billion, while Parks and Resorts revenue grew 6% to $4.379 billion.

5. DIS was down 0.90% to $95.80 as of 4:35 p.m. EST in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Disney’s latest earnings performance:

DISNEY WALT Price, Consensus and EPS Surprise

DISNEY WALT Price, Consensus and EPS Surprise | DISNEY WALT Quote

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.

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