Disney Reports Q3 Earnings, Revenue Gains Fail to Meet Analysts’ Expectations
Disney has reported their Q3 earnings, and while revenue and income are both up over 2017 Q3, they failed to meet analysts’ expectations. Analysts’ expected Disney to post revenue of $15.34 billion, versus the $15.23 billion they reported.
Here’s how The Walt Disney Company (DIS) fared in their recent quarter:
Revenue: $15.23 billion vs. $14.24 billion in 2017 Q3
Income: $2.92 billion vs. $2.37 billion in 2017 Q3
Earnings: $1.87 per share vs. $1.58 per share in 2017 Q3
The Parks & Resorts division reported a 6% boost in revenue from 2017 Q3, up to $5.19 billion. Operating income was up a whopping 15% to $1.34 billion. Disney stated the jump in operating income was “driven by higher guest spending amid higher average ticket prices and room rates as well as increases in food, beverage and merchandise spending”.
Here’s how each division of the company did in 2018 Q3:
Media and networks: $6.16 billion vs. $6.10 billion forecast
Parks and resorts: $5.19 billion vs. $5.28 billion forecast
Studio: $2.88 billion vs. $2.89 billion forecast
Consumer and interactive: $1.00 billion vs. $1.11 billion forecast