The Clap
Disney (NYSE: DIS) reported an EPS of 30 cents and revenues of $20.15 billion during the company’s fiscal Q4, missing expectations on both the top and bottom lines.
The Deets
Despite lower-than-expected earnings results, the company increased its Disney+ subs by 12.1 million to bring the total up to 164.2 million, more than the expected 160.45 million.
The company justified the weaker earnings due to inflation and increased operations costs.
So What
Despite record revenues, the park division’s operating income came in below expectations.
Now What
The company is planning to hike Disney+ subscription prices and launch a new tier, which could positively impact revenue.
In addition, the company warned that streaming growth may begin to falter going forward.
