The Walt Disney Reports Q2 Beat, But Shares Fall 3%
<p><a href='https://financialmodelingprep.com/financial-summary/DIS'>The Walt Disney Company (NYSE:DIS)</a> shares were trading around 3% lower Thursday afternoon despite the company’s reported Q2 results, with EPS coming in at $1.08, beating the Street estimate of $1.06. Revenue came in at $19.25 billion (up 23% year-over-year), above the Street estimate of $18.36 billion.</p>
<p>The company reported strong momentum across direct-to-consumer and the Parks, but concerns over the longer-term attractiveness of the streaming video business model and the ongoing macro pressures and recessionary fears will likely continue to weigh on sentiment. </p>
<p>Disney+ net adds were 7.9 million, compared to the Street estimate of 5.6 million, with non-Hotstar net adds of 3.6 million largely in-line. Management continues to expect that net adds will accelerate from H1/22 to H2/22, implying that there is little downside risk to Q3/Q4 estimates.</p>

NYSE:DIS