Walt Disney Company (holding) : quarterly revenue up 34%

Disney published its financial results for the first quarter of its fiscal year 2022 yesterday evening, i.e. the three-month period preceding January 1, 2022.

The company recorded a turnover of 21.8 billion dollars over the period, up 34% compared to the 1st quarter of 2021. EBIT posted a sharp increase from $1,332 million to $3,258 million, while net profit rose from $29 million to $1,152 million.

Consequently, the adjusted EPS goes from $0.32 to $1.06.

Disney had been particularly hard hit by the pandemic in 2020, with the closure of its theme parks, resorts, cruises, and other guided tours.

“These operations have resumed at various times since May 2020,” the company says.

If some of the international operations continue to be affected by the restrictions, Disney assures that in 2022, the parks and experiences in the United States should operate “without the restriction of capacity”.

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