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Compared to Estimates, Disney (DIS) Q2 Earnings: A Look at Key Metrics
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Walt Disney (DIS - Free Report) reported $22.08 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $1.21 for the same period compares to $0.93 a year ago.
The reported revenue represents a surprise of -0.23% over the Zacks Consensus Estimate of $22.13 billion. With the consensus EPS estimate being $1.12, the EPS surprise was +8.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Disney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average monthly revenue per paid subscriber - ESPN+: $6.30 versus the four-analyst average estimate of $6.10.
Average monthly revenue per paid subscriber - Disney+ - International (excluding Disney+ Hotstar): $6.66 compared to the $6.27 average estimate based on four analysts.
Average monthly revenue per paid subscriber - Disney+ - Domestic (U.S. and Canada): $8 compared to the $8.31 average estimate based on four analysts.
Number of paid subscriber - Hulu: 50.2 million versus the four-analyst average estimate of 49.65 million.
Revenue- Experiences: $8.39 billion compared to the $8.29 billion average estimate based on four analysts. The reported number represents a change of +7.9% year over year.
Revenue- Entertainment: $9.80 billion compared to the $9.78 billion average estimate based on four analysts. The reported number represents a change of -30.2% year over year.
Revenue- Entertainment- Direct-to-Consumer: $5.64 billion versus the four-analyst average estimate of $5.51 billion. The reported number represents a year-over-year change of +2.3%.
Revenue- Entertainment- Linear Networks: $2.77 billion versus the four-analyst average estimate of $2.76 billion. The reported number represents a year-over-year change of -58.3%.
Revenue- Entertainment- Content Sales/Licensing and Other: $1.39 billion versus the four-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of -36.8%.
Revenue- Sports: $4.31 billion versus the four-analyst average estimate of $4.28 billion.
Revenue- Direct-to-Consumer- Advertising: $762 million versus the two-analyst average estimate of $824.85 million. The reported number represents a year-over-year change of +1.6%.
Revenue- Direct-to-Consumer- TV/SVOD distribution and other: $75 million versus $43.80 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -52.8% change.
Shares of Disney have returned -0.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Disney (DIS) Q2 Earnings: A Look at Key Metrics
Walt Disney (DIS - Free Report) reported $22.08 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $1.21 for the same period compares to $0.93 a year ago.
The reported revenue represents a surprise of -0.23% over the Zacks Consensus Estimate of $22.13 billion. With the consensus EPS estimate being $1.12, the EPS surprise was +8.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Disney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average monthly revenue per paid subscriber - ESPN+: $6.30 versus the four-analyst average estimate of $6.10.
- Average monthly revenue per paid subscriber - Disney+ - International (excluding Disney+ Hotstar): $6.66 compared to the $6.27 average estimate based on four analysts.
- Average monthly revenue per paid subscriber - Disney+ - Domestic (U.S. and Canada): $8 compared to the $8.31 average estimate based on four analysts.
- Number of paid subscriber - Hulu: 50.2 million versus the four-analyst average estimate of 49.65 million.
- Revenue- Experiences: $8.39 billion compared to the $8.29 billion average estimate based on four analysts. The reported number represents a change of +7.9% year over year.
- Revenue- Entertainment: $9.80 billion compared to the $9.78 billion average estimate based on four analysts. The reported number represents a change of -30.2% year over year.
- Revenue- Entertainment- Direct-to-Consumer: $5.64 billion versus the four-analyst average estimate of $5.51 billion. The reported number represents a year-over-year change of +2.3%.
- Revenue- Entertainment- Linear Networks: $2.77 billion versus the four-analyst average estimate of $2.76 billion. The reported number represents a year-over-year change of -58.3%.
- Revenue- Entertainment- Content Sales/Licensing and Other: $1.39 billion versus the four-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of -36.8%.
- Revenue- Sports: $4.31 billion versus the four-analyst average estimate of $4.28 billion.
- Revenue- Direct-to-Consumer- Advertising: $762 million versus the two-analyst average estimate of $824.85 million. The reported number represents a year-over-year change of +1.6%.
- Revenue- Direct-to-Consumer- TV/SVOD distribution and other: $75 million versus $43.80 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -52.8% change.
View all Key Company Metrics for Disney here>>>Shares of Disney have returned -0.8% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.