The Walt Disney Co. at Wednesday’s Closing Bell on Wall Street released its fiscal Q2 2022 financial report. And, while revenue climbed by 23%, net income and Earnings Per Share for its continuing operations sank by 48%.
Don’t look to the theme parks for reasons as to why this transpired. The answers lay within the Disney Media and Entertainment Distribution segment and, specifically, its direct-to-consumer income.
Uh, oh, Disney+.
