The Walt Disney Company [DIS] has reported a solid net income of $2.621 billion for the third quarter ended June 29, 2024. This figure reflects an increase from the net loss of $460 million in the previous quarter. The company's performance during Q3 underscores its financial resilience and strategic execution during a challenging period for the entertainment industry.
The company, headquartered in Burbank, Calif, reported to SEC in an 8-K filing $1.43 earnings per share in the quarter, compared to $-0.25 in the previous quarter.
The Walt Disney Company, operating in the entertainment sector, reported a total revenue of $23.2 billion. This figure represents a 3.67% increase from the previous quarter, showcasing the company's ability to generate strong revenue growth despite prevailing market conditions.
In comparison to the same quarter in the previous year, The Walt Disney Company's revenue increased by approximately 3.67%, reflecting positive growth in its financial performance. Additionally, the company witnessed a 4.62% profit increase in the current quarter compared to the same quarter of the previous year, demonstrating a continued upward trajectory in profitability.
As of August 7, 2024 end of day trading.