2023-04-11 09:37:00 ET
Walt Disney (NYSE: DIS) reported revenue of $23.5 billion and adjusted earnings per share of $0.99 in its fiscal 2023 first quarter (ended Dec. 31), both of which exceeded Wall Street consensus analyst forecasts. Although shares were up after the news, they are still down a whopping 50% from their all-time high.
But there might be some renewed optimism surrounding the business, with Bob Iger back at the helm and with his huge cost-cutting plan drawing shareholder attention. If you're thinking of buying Disney stock , though, look at these two critical metrics before you do. They might change your perspective.
During the latest fiscal quarter, Disney's direct-to-consumer (DTC) segment, which houses streaming services Disney+, Hulu, and ESPN+, posted revenue of $5.3 billion, up 13% compared to the year-ago period. This top-line growth is impressive given the macroeconomic headwinds facing many companies.
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Want to Buy Disney Stock? Look at These 2 Critical Indicators Before You Do