NYSE$DIS
Walt Disney · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Disney's second quarter results for fiscal year 2022 showed revenue growth and increased streaming subscriptions.
Disney's Q2 2022 earnings revealed a 23% increase in revenue compared to the prior-year quarter, driven by strong performance in domestic parks and the continued growth of streaming services, which now exceed 205 million subscriptions across all DTC offerings. Diluted EPS increased to $1.08 from $0.79 in the prior-year quarter, excluding certain items.
- Revenues for the quarter grew by 23%, despite a $1.0 billion reduction due to early termination of license agreements.
- Diluted earnings per share (EPS) decreased to $0.26 from $0.50 in the prior-year quarter.
- Excluding certain items, diluted EPS for the quarter increased to $1.08 from $0.79 in the prior-year quarter.
- Disney+ subscribers increased by 7.9 million in the quarter, with total subscriptions across all DTC offerings exceeding 205 million.
Headline financials
Revenue & EPS history
Disney · Revenue · Quarterly
$19.2B
Revenue by segment
Disney · $20.3B total across 2 segments · Q2 2022
- Entertainment$13.6B+9.5%67.2%
- Experiences$6.65B+109.6%32.8%
Forward guidance
The company did not provide specific financial guidance for the next quarter or fiscal year in this earnings report.
Tailwinds
- Strong performance at domestic parks and experiences businesses.
- Continued growth of streaming services, particularly Disney+.
- Increase in guest spending at parks and resorts.
- Growth in merchandise licensing.
- Successful resumption of film and television productions.
Headwinds
- Reduction in revenue due to early termination of license agreements.
- Decrease in diluted earnings per share (EPS).
- Higher losses at Disney+ and ESPN+.
- Lower operating income at Hulu.
- Decrease in TV/SVOD distribution results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.3%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+12.0%
Q4 2024
Best reaction
-13.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +8.5% | +4.0% | -0.6% | |
| Q1 2026 | -6.3% | -3.6% | -8.7% | |
| Q4 2025 | -8.0% | -8.9% | -4.3% | |
| Q3 2025 | -2.7% | -4.9% | -0.3% | |
| Q2 2025 | +10.9% | +19.9% | +23.6% | |
| Q1 2025 | -2.4% | -3.5% | -6.9% | |
| Q4 2024 | +12.0% | +9.4% | +10.3% | |
| Q3 2024 | -4.5% | -4.5% | -2.3% | |
| Q2 2024 | -9.5% | -9.2% | -13.1% | |
| Q1 2024 | +11.3% | +10.1% | +11.1% | |
| Q4 2023 | +6.8% | +5.7% | +9.7% | |
| Q3 2023 | +4.1% | +0.8% | -7.4% | |
| Q2 2023 | -9.7% | -9.1% | -10.0% | |
| Q1 2023 | -1.1% | -3.6% | -16.2% | |
| Q4 2022 | -13.6% | -5.4% | -7.8% | |
| Q3 2022 | +8.8% | +14.9% | +6.5% | |
| Q2 2022 | -3.1% | -2.3% | -7.7% | |
| Q1 2022 | +6.8% | +5.9% | -7.5% | |
| Q4 2021 | -7.4% | -9.5% | -12.8% | |
| Q3 2021 | +1.7% | -1.3% | +3.4% | |
| Q2 2021 | -2.3% | -4.6% | -0.3% | |
| Q1 2021 | -1.0% | -1.7% | +4.0% | |
| Q4 2020 | +0.4% | +4.8% | +27.5% | |
| Q3 2020 | +9.7% | +11.7% | +14.5% | |
| Q2 2020 | -2.2% | +5.8% | +19.9% | |
| Q1 2020 | +0.0% | -0.2% | -19.3% | |
| Q4 2019 | +5.1% | +5.6% | +12.5% | |
| Q3 2019 | -2.5% | +0.2% | +0.4% | |
| Q2 2019 | +0.1% | -1.6% | +3.4% | |
| Q1 2019 | -0.3% | -0.3% | +2.0% | |
| Q4 2018 | +0.8% | -0.2% | -4.3% | |
| Q3 2018 | -1.7% | -2.8% | -4.9% | |
| Q2 2018 | -2.4% | -0.4% | -0.0% | |
| Q1 2018 | +0.1% | -1.5% | -0.6% | |
| Q4 2017 | +3.6% | +2.0% | +3.0% | |
| Q3 2017 | -3.3% | -4.1% | -8.7% | |
| Q2 2017 | -1.6% | -1.6% | -6.4% | |
| Q1 2017 | -0.5% | -0.3% | +1.3% | |
| Q4 2016 | +3.2% | +3.2% | +10.8% | |
| Q3 2016 | +2.2% | +1.1% | -1.7% | |
| Q2 2016 | -2.9% | — | — | |
| Q1 2016 | -3.5% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | -8.7% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +10.2% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +6.3% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | -0.2% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | +4.0% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | -5.4% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | -1.2% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q2 2010 | +1.3% | — | — |
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