Disney Earnings Hold Steady... Earnings Per Share Up 30% Year-on-Year
2024 Fiscal Year Q2 Earnings Announcement
Earnings Per Share Exceed Market Expectations by 10%
Revenue of $22.1 Billion 'Solid Performance'... Up 1.2% Year-on-Year
Disney's earnings per share (EPS) for the second quarter of fiscal year 2024 increased by more than 30% compared to the same period last year. This is attributed to the growth in subscribers to its over-the-top (OTT) streaming service.
On the 7th (local time), Disney announced that its revenue for the second quarter of fiscal year 2024, which ended on March 31, reached $22.083 billion (approximately 30.1467 trillion KRW). This represents a 1.2% increase compared to the same period last year. However, it fell short of the market consensus of $22.12 billion by 0.2%.
Meanwhile, earnings per share (EPS) stood at $1.21, surpassing the market consensus of $1.10 by 10%. This also marks a 30.1% increase compared to the same period last year.
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Disney stated, "The core subscriber base of the subscription-based OTT service 'Disney Plus' increased by 6 million in this quarter alone," adding, "The average revenue per user (ARPU) also rose by 44 cents."
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