Mass media and entertainment conglomerate The Walt Disney Company (NYSE: DIS), popularly known as Disney, has reported better-than-expected results for the fiscal second quarter ended April 2, 2022. However, following the earnings, shares of the company declined 3.3% to close at $101.75 in the extended trading session, but the fall can be attributed to wider market concerns. Revenue & Earnings Disney’s revenues for the quarter came in at $19.25 billion, up 23% year-over-year. Further, the figure surpassed the consensus estimate of $18.36 billion. Media and Entertainment Distribution, and Parks, the key revenue segments, rose 9% and 109.6%, respectively, and contributed to the overall growth in revenues.
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