When are Disney’s Q2 2023 earnings expected?

The Walt Disney Co., listed on the New York Stock Exchange (NYSE), is the largest media and broadcasting company in the world. The company is set to report its second quarter (Q2) earnings for 2023 on Wednesday the 10th of May 2023.

The Walt Disney Co. Q2 2023 earnings: What to expect?

Data compiled by Refinitiv data arrives at the following consensus estimates for the Q2 2023 results:

• Revenue of $21.8bn for the quarter
• Revenue to have increased 7.54% (from the prior year’s comparative period)
• Earnings per share $0.99 (vs Earnings per share of $1.08 in the prior year’ comparative period)

Traders and investors alike will look to assess the influence on the business the return of CEO Bob Iger has had. Subscriber numbers for the Disney+ service could be negatively affected by the company’s failure to renew IPL India cricket broadcasting rights as well as an increase in subscription costs. The business will be hoping to see earnings supported by a continued post covid momentum in the Theme Park business, which saw revenue increase by almost 30% in 2023.

How to trade the Walt Disney Co. results

The below two graphics provide traders with both a retail short term view on the stock, as well as an institutional longer-term view on the company, as to how market participants are positioning themselves on the Walt Disney Co. ahead of the results release.