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Disney's fiscal first quarter of fiscal 2022 exceeded expectations, surging 8% after hours

author:36 Krypton

Disney announces fiscal first-quarter 2022 earnings. For the quarter, Disney's adjusted earnings per share were $1.06, compared to market expectations of 63 cents; revenue was $21.82 billion, compared to market expectations of $20.91 billion. Disney said its streaming service Disney+ added nearly 12 million to 129.8 million as of the quarter, with market expectations of 125.1 million, and the service's average revenue per user (ARPU) in the U.S. and Canada also grew to $6.68 from $5.80 a year ago. After the earnings report, Disney's stock price rose 8% after hours. (Sina Finance)

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