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Disney Q1 earnings top estimates: Are you satisfied?
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The Walt Disney company reported earnings for its first quarter of 2023 ended December 31, 2022. The entertainment conglomerate beat Wall St Show More
The Walt Disney company reported earnings for its first quarter of 2023 ended December 31, 2022. The entertainment conglomerate beat Wall Street expectations again despite Disney+ dropping 2.4 million subscribers in a loss. The company's CEO Bob Iger claimed a 'significant transformation' underway.

▶️ Revenue was $23.51 billion (up 8%) and adjusted earnings per share was $0.99 for the Q1 quarter. That beat analyst consensus estimates of $23.37 billion and $0.78, respectively, per Refinitiv.
▶️ Disney+ lost a net 2.4 million subscribers in the reported quarter. The total number of subscribers across Disney+, Hulu and ESPN+ rose 19.5% YoY to 234.7 million.
▶️ For the Disney Media and Entertainment Distribution segment, the Domestic Channels revenues in this quarter decreased by 1% to $6.1 billion, and International Channels revenues decreased by 21% to $1.2 billion.
▶️ Operating losses for the direct-to-consumer streaming segment widened to $1.1 billion from $0.5 billion.
▶️ Disney Parks, Experiences and Products revenues for Q1 FY23 increased 21% to $8.7 billion, and segment operating income increased 25% to $3.1 billion.

Q: What's your opinion or analysis of the company?
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