Advertisement

By the digits: Disney’s earnings for the fiscal quarter ending March 2023

4 million: The number of subscribers Disney lost in the quarter

200,000: The number of subscribers Hulu gained in the quarter

$659 million: The quarterly loss from Disney’s streaming business, narrowing from $887 million during the same period a year ago

Advertisement

$21.82 billion: Disney’s revenue in the , up 13% from the same period last year and beating estimates

At least $9 billion: How much Disney would have to pay Comcast to buy out the final one-third stake in Hulu

Advertisement

21%: The quarterly rise in revenues from Disney Parks, Experiences and Products, to $8.7 billion

$1.5-$1.8 billion: The “impairment charges”—or reductions in asset value—that Disney will have to bear as it yanks some content off its platform

Advertisement

One 🎢 thing: What’s next for Disney’s Florida parks?

Disney amusement-park revenues mostly grew on the back of domestic parks and experiences, which posted “higher volumes and increased guest spending,” the company noted in its earnings presentation.

Advertisement

But Florida, home to Disney’s biggest theme parks, is no longer a hospitable state. The rift between Disney and Florida governor Ron DeSantis keeps widening. Yesterday, Iger explicitly asked if Florida would like Disney to continue doing business there. “Does the state want us to invest more, employ more and pay more taxes or not?” he said on behalf of the state’s largest taxpayer.

Related stories

🧑‍⚖️ The Florida board handpicked by DeSantis called its predecessor a “puppet government” in a lawsuit against Disney

Advertisement

🗣️ Disney sues Ron DeSantis on First Amendment grounds

🎢 Disney’s feud with Florida’s Ron DeSantis keeps escalating

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.