Walt Disney Co (DIS)

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Walt Disney (DIS) earnings beat by $0.04, revenue fell short of estimates
By: Investing.com | August 9, 2023

Walt Disney reported Wednesday mixed fiscal third-quarter results as earnings beat, but revenue missed Wall Street estimates as momentum in its streaming business slowed.

Walt Disney Company (NYSE:DIS) fell about 1% in afterhours following the report.

Disney reported adjusted EPS of $1.03, compared with Wall Street estimates of $0.99, while revenue of $22.33 billion missed estimates of $22.49 billion.

Disney's parks business saw revenue climb 13% to $8.33 billion in Q3 from the year-ago period.

Disney+ subscribers fell to 146.1 million, missing estimates of 151.1 million, pressured by a 24% fall in Disney+ Hotstar subscribers.

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