Walt Disney Company revenue increases nearly 30% for third quarter of 2022






Today, August 10, marks the day Disney officially reveals its revenue for the third quarter of 2022. According to the report, The Walt Disney Company’s revenue for the quarter and nine months increased 26% and 28% , respectively, an impressive number considering the earnings report for the first quarter of the year has already shown record growth for the company.

Credit: Screenshot via Annual General Meeting of Shareholders

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“We had an excellent quarter, with our world-class creative and commercial teams driving outstanding performances at our domestic theme parks, strong live sports viewership growth and significant subscriber growth to our services. With 14.4 million Disney+ subscribers added during the third fiscal quarter, we now have 221 million total subscriptions across our streaming offerings,” said Bob Chapek, Chief Executive Officer of The Walt Disney Company.

“We continue to transform entertainment as we approach our second century, with compelling new stories across our many platforms and uniquely immersive physical experiences that exceed customer expectations, all of which are reflected in our strong operating results this trimester.”

Precise information was revealed in the official document:

  • Revenue for the quarter and nine months increased 26% and 28%, respectively.
  • Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.77 from $0.50 in the prior year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.09 from $0.80 in the prior year quarter.
  • Diluted EPS from continuing operations for the nine months ended July 2, 2022 increased to $1.66 from $1.02 for the prior year period. Excluding certain items(1), diluted EPS for the nine months increased to $3.22 from $1.91 in the same period of the previous year.
Walt Disney company logo
Credit: The Walt Disney Company

Last year, the Disney Parks division generated $6.7 billion in revenue in the second quarter, compared to $3.2 billion last year, an increase of $3.5 billion. The Walt Disney Company says revenue growth was driven primarily by domestic parks, with a slight increase in revenue at international parks. Check out our coverage of this quarter’s Parks report here.

Does this figure surprise you?




Barbara M. Stokes