Streaming Media Stocks Took off After Disney's Strong Q2 Financial Result
Tiger Newspress2022-08-11
Streaming media stocks took off after Disney's strong Q2 financial result.
Disney (DIS) said Q2 revenue rose 26% from a year ago, to $21.5B, income from continuing operations before taxes more than doubled, to $2.12B, and total segment operating income rose 50% to $3.57B.
Earnings from continuing operations jumped to 77 cents a share, while earnings excluding one-time items totaled $1.09 a share.
Meanwhile, the company added 14.4M Disney+ subscribers, a 31% year-over-year jump that brought that service to 152.1M subscribers.
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