further changes in domestic and global economic conditions; changes in or pressures from competitive conditions and consumer preferences, including competition to create or acquire content; health concerns and their impact on our businesses and productions; international, regulatory, legal, political, or military developments; adverse weather conditions or natural disasters; and. Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.63 from $0.02 in the prior-year quarter. Revenue includes subscription fees, advertising (excluding revenue earned from selling advertising spots to other Company businesses) and premium and feature add-on revenue but excludes Premier Access and Pay-Per-View revenue. Looking at the top three highest-grossing studios this year, it's clear what films and genres were most successful and what we can expect will continue to perform well in 2022. Excluding certain items, Diluted EPS from continuing operations for the nine months ended July 2, 2022 increased to $1.66 from $1.02 in the prior-year period. These operations resumed at various points since May 2020, initially at reduced operating capacities as a result of COVID-19 restrictions. Improved results at our international parks and resorts were primarily due to growth at Disneyland Paris, partially offset by a decrease at Shanghai Disney Resort. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Higher volumes were due to increases in attendance, occupied room nights and cruise ship sailings. Disney annual revenue for 2020 was $65.388B, a 6.06% decline from 2019. Average monthly revenue per paid subscriber is calculated based on the average of the monthly average paid subscribers for each month in the period. Revenue rose 34.3% year over year (YOY) to $21.8 billion. The decrease in theatrical distribution results was due to losses on titles released in the current quarter, partially offset by income from the co-production of Marvels Spider-Man: No Way Home. Get in touch with us now. Subscribers to the SVOD Bundle are counted as a paid subscriber for each service included in the SVOD Bundle and subscribers to the Hulu Live TV + SVOD offerings are counted as one paid subscriber for each of the Hulu Live TV + SVOD, Disney+ and ESPN+ offerings. 0 60B 120B 180B 240B. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Capital Expenditures and Depreciation Expense. Disney Interest Expense is relatively stable at the moment as compared to the past year. The increase in average per capita ticket revenue was due to the introduction of Genie+ and Lightning Lane in the first quarter of the current fiscal year and a reduced impact from promotions at Walt Disney World Resort, partially offset by an unfavorable attendance mix at Disneyland Resort. Get full access to all features within our Corporate Solutions. the server refused the connection. Please create an employee account to be able to mark statistics as favorites. The average monthly revenue per paid subscriber for ESPN+ increased from $4.48 to $5.16 primarily due to an increase in retail pricing and higher per-subscriber advertising revenue, partially offset by a higher mix of subscribers to the SVOD Bundle. Disney+ Projects to have 230-260 users by 2024 and around 290 by 2026. In general, wholesale arrangements have a lower average monthly revenue per paid subscriber than subscribers that we acquire directly or through third-party platforms. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Investor Relations The following tables present additional information about our Disney+, ESPN+ and Hulu Direct-to-Consumer (DTC) product offerings(1). It takes into account only full-year profits and revenue from the past three years and the company's assets and debts. Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. The average monthly revenue per paid subscriber for international Disney+ (excluding Disney+ Hotstar) increased from $5.52 to $6.31 due to increases in retail pricing, partially offset by an unfavorable foreign exchange impact and a higher mix of wholesale subscribers. The following table reconciles reported diluted EPS from continuing operations to diluted EPS excluding certain items for the current and prior year nine-month periods: For the current nine-month period, intangible asset amortization was $1,292 million, step-up amortization was $473 million and amortization of intangible assets related to TFCF equity investees was $9 million. The increase also reflected higher spending on corporate facilities. 562-889-2715. further changes in domestic and global economic conditions; changes in or pressures from competitive conditions and consumer preferences; health concerns and their impact on our businesses and productions; international, regulatory, political, or military developments; adverse weather conditions or natural disasters; and. Advertising spending in the U.S. 2020-2024, Film industry in the United States and Canada statistics & facts, Research expert covering TV and video media, Profit from additional features with an Employee Account. Net income attributable to noncontrolling interests is determined on income after royalties and management fees, financing costs and income taxes, as applicable. Disney+ Revenue Statistics (2022) + Disney+ has surpassed $2 billion in lifetime global consumer spending across the app store. Lower results from ongoing channels were primarily due to an increase in sports programming costs, partially offset by advertising revenue growth reflecting higher average viewership. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). In addition, our cruise ships have generally been operating without COVID-19-related capacity restrictions since April 2022. Revenues for the quarter and nine months grew 26% and 28%, respectively. Cash provided by operations for fiscal 2022 increased by $0.5 billion from $2.9 billion in the prior-year period to $3.5 billion in the current period. The following table provides further detail of Linear Networks results (in millions): Domestic Channels revenues for the quarter increased 2% to $5.7 billion, and operating income increased 15% to $2.1 billion, reflecting higher results at both Cable and Broadcasting. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Higher costs were primarily due to volume growth, cost inflation and new guest offerings. The Company believes that providing diluted EPS exclusive of certain items impacting comparability is useful to investors, particularly where the impact of the excluded items is significant in relation to reported earnings and because the measure allows for comparability between periods of the operating performance of the Companys business and allows investors to evaluate the impact of these items separately. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (unaudited; in millions, except per share data), Loss from discontinued operations, net of income tax benefit of $0, $2, $14 and $9, respectively, Net income attributable to The Walt Disney Company (Disney). The effective income tax rate was as follows: Income tax expense on continuing operations, Effective income tax rate continuing operations. Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. The discussion will be archived. Revenue then increased to $3.76 billion in the first quarter of 2020 and $2.54 billion in the second quarter. For the current quarter, intangible asset amortization was $435 million, step-up amortization was $157 million and amortization of intangible assets related to TFCF equity investees was $3 million. In, Walt Disney. For the prior-year quarter, intangible asset amortization was $434 million, step-up amortization was $166 million and amortization of intangible assets related to TFCF equity investees was $4 million. Free cash flow is not a financial measure defined by GAAP. dollars)." Rates and impressions benefited from the timing of the NBA Finals, which aired in the current quarter compared to the fourth quarter of the prior year as a result of a delayed start of the 2021 NBA season due to COVID-19. The decrease in operating results was due to an unfavorable foreign exchange impact and lower TV/SVOD and home entertainment distribution results. By this GOBankingRates metric, Disney's net worth is currently $148.47 billion. Advertising revenue growth was due to the additional IPL matches in the current quarter. Growth at Hong Kong Disneyland Resort was driven by higher attendance. In addition, we experienced significant disruptions in the production and availability of content, including the delay of key live sports programming during fiscal 2020 and fiscal 2021. The increase in affiliate revenue was due to higher contractual rates. (November 8, 2022). The Company believes that providing diluted EPS exclusive of certain items impacting comparability is useful to investors, particularly where the impact of the excluded items is significant in relation to reported earnings and because the measure allows for comparability between periods of the operating performance of the Companys business and allows investors to evaluate the impact of these items separately. The following table summarizes the first quarter results for fiscal 2022 and 2021 (in millions, except per share amounts): Income from continuing operations before income taxes, Diluted EPS from continuing operations(2), Cash (used in) provided by continuing operations. + For the second quarter of 2022, Disney+ parent company The Walt Disney Company reported its total revenue grew by 26% Y/Y to $21.5 billion, topping analysts' projection of $20.96 billion.Its earning per share was $1.09, up 36% from the same period last year. What is trickle down economics ? 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.. The parks, experiences, and products category saw the biggest growth in sales, indicating a rebound of this section following the coronavirus outbreak. See the discussion on pages 11 through 13. Aug 26, 2022 In the third quarter of 2022, the Walt Disney Company's media and entertainment segment generated about 14.1 billion U.S. dollars in revenue, up from about 12.7 billion dollars. Changes in customer behavior due to the pandemic played a major role, as shown in this waterfall chart. In 2021 the company made a revenue of $72.98 B an increase over the years 2020 revenue that were of $60.74 B .The revenue is the total amount of income that a company generates by the sale of goods or services. In the prior-year quarter as a result of COVID-19, certain NBA games and the Masters shifted out of fiscal 2020 and into the first quarter of fiscal 2021. Tweet this stat Depending on the market, our services can be purchased on our websites, through third party platforms/ apps or via wholesale arrangements. and over 1Mio. statistic alerts) please log in with your personal account. The most comparable GAAP measures are diluted EPS from continuing operations, income from continuing operations before income taxes, and cash provided by continuing operations, respectively. Total may not equal the sum of the column due to rounding. Equity in the income of investees was as follows (in millions): Amortization of TFCF intangible assets related to equity investees. The average monthly revenue per paid subscriber for the Hulu Live TV + SVOD service increased from $84.09 to $87.92 due to an increase in retail pricing and higher per-subscriber advertising revenue, partially offset by a higher mix of subscribers to multi-product offerings. Subscription revenue growth was due to an increase in subscribers and higher rates driven by increases in retail pricing for the Hulu Live TV + SVOD service. The following are reconciliations of income from continuing operations before income taxes to total segment operating income and revenues to segment revenues (in millions): Corporate and unallocated shared expenses, Amortization of TFCF and Hulu intangible assets and fair value step-up on film and television costs. Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable): Additional factors are set forth in the Companys Annual Report on Form 10-K for the year ended October 2, 2021 under Item 1A, Risk Factors, Item 7, Managements Discussion and Analysis, Item 1, Business, and subsequent reports, including, among others, quarterly reports on Form 10-Q and annual reports on Form 10-K.
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