The Walt Disney Company: 3rd quarter fiscal 2023 results

Revenue for the 3rd quarter and first nine months of 2023 increased 4 percent and 8 percent, respectively.

Diluted earnings per share (EPS) from continuing operations were a loss of $0.25 for the quarter, compared to earnings of $0.77 in the year-ago quarter.

Excluding certain items, diluted EPS for the quarter was $1.03, compared to $1.09 in the year-ago quarter. Earnings per share from continuing operations for the nine months ended July 1, 2023 decreased to $1.14 from $1.66 in the prior-year period. Excluding certain items, diluted earnings per share for the nine months ended July 1, 2023, decreased to $2.94 from $3.22 in the prior-year period.

"Our results this quarter reflect what we have accomplished through the transformation we are undertaking at Disney to restructure the company, improve efficiencies and put creativity back at the center of our business," said Robert A. Iger, chief executive officer, The Walt Disney Company.

"In the eight months since I returned, these important changes have resulted in a more cost-effective, coordinated and streamlined approach to our operations that has put us on track to exceed our original goal of $5.5 billion in savings and improve our direct-to-consumer operating income by approximately $1 billion in just three quarters. 

Source: www.thewaltdisneycompany.com