The Walt Disney Company announced during today’s earnings report that their revenue in the second quarter of 2022 was approximately $19.2 billion.
The company’s total revenue in the first quarter was $21.82 billion, which exceeded expectations.
The Parks, Products and Experiences division produced $6.7 billion of that revenue, while the still-unprofitable Disney+ exceeded analysts’ expectations in subscriber growth for the quarter. Disney+ is still expected to reach profitability by the original goal of 2024.
Shortly after the report went live, Disney stock rose in the after-market. It closed for the day on a 52-week record low.
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