Disney’s Fiscal Q1 Results Spur Big Changes From Iger

The Walt Disney Company on Wednesday released its financial results for the first quarter of its fiscal 2023. While revenue grew by 8% and the company’s earnings per share from continuing operations rose year-over-year, the company’s theme parks are driving that growth.

Indeed, the quarter was a poor one for Disney’s Linear Networks. Furthermore, while Direct-to-Consumer revenue grew by 13% year-over-year, its operating loss surged by 78% — a sign that Disney+, which experienced a dip in subscriber growth for the first time, is stumbling.