Disney Q3 Earnings: A Comprehensive Overview

Disappointing Theme Park Performance Amidst Streaming Success

Financial Highlights

1. Disney's Q3 earnings saw revenue reach $23.51 billion, a 9% increase year-over-year (YoY).
2. Disney+ subscribers grew by 12 million, reaching a total of 164.9 million.
3. Operating income declined by 13% YoY to $3.05 billion, largely due to lower operating income from the theme parks division.

Factors Contributing to Theme Park Decline

• Reduced consumer spending and travel due to economic uncertainty.
• Operational challenges, including staffing shortages.
• Increasing competition from other entertainment options.

Streaming Success Story

4. Disney+ added 12 million subscribers, driven by the success of new releases such as "Inside Out 2" and "Hocus Pocus 2."
5. Disney+ revenue increased by 30% YoY to $5.3 billion.
6. The company is optimistic about the future growth of its streaming business.

Additional Insights

Disney's financial performance in Q3 was a mixed bag, with strong streaming results offsetting challenges in the theme park division.

The company remains confident in its long-term growth prospects, particularly in the streaming market.

Investors should monitor Disney's financial performance in future quarters to assess the company's ability to navigate the current economic headwinds and drive growth across its various businesses.

Sources

• Yahoo Finance: Disney Q3 2024 Earnings
• CNBC: Disney Earnings Q3 2023
• The Walt Disney Company: Annual Reports