Compared to Estimates, Disney (DIS) Q2 Earnings: A Look at Key Metrics

Core Insights - Walt Disney reported $22.08 billion in revenue for the quarter ended March 2024, a year-over-year increase of 1.2% [1] - The EPS for the same period was $1.21, compared to $0.93 a year ago, indicating a significant improvement [1] - The revenue fell short of the Zacks Consensus Estimate of $22.13 billion by -0.23%, while the EPS exceeded the consensus estimate of $1.12 by +8.04% [1] Revenue Metrics - Average monthly revenue per paid subscriber for ESPN+ was $6.30, surpassing the average estimate of $6.10 [2] - Average monthly revenue per paid subscriber for Disney+ International was $6.66, exceeding the estimate of $6.27 [2] - Average monthly revenue per paid subscriber for Disney+ Domestic was $8, slightly below the estimate of $8.31 [2] - Hulu had 50.2 million paid subscribers, exceeding the estimate of 49.65 million [2] Segment Revenue Performance - Revenue from Experiences was $8.39 billion, above the average estimate of $8.29 billion, representing a year-over-year change of +7.9% [2] - Revenue from Entertainment was $9.80 billion, slightly above the estimate of $9.78 billion, but showed a year-over-year decline of -30.2% [2] - Direct-to-Consumer revenue in Entertainment was $5.64 billion, exceeding the estimate of $5.51 billion, with a year-over-year increase of +2.3% [2] - Revenue from Linear Networks was $2.77 billion, slightly above the estimate of $2.76 billion, but down -58.3% year-over-year [2] - Content Sales/Licensing and Other revenue was $1.39 billion, below the estimate of $1.51 billion, reflecting a year-over-year decline of -36.8% [2] - Sports revenue was $4.31 billion, slightly above the estimate of $4.28 billion [2] - Direct-to-Consumer Advertising revenue was $762 million, below the estimate of $824.85 million, with a year-over-year change of +1.6% [2] - Revenue from Direct-to-Consumer TV/SVOD distribution and other was $75 million, significantly above the estimate of $43.80 million, but down -52.8% year-over-year [2] Stock Performance - Disney shares returned -0.8% over the past month, compared to the Zacks S&P 500 composite's -0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]