Disney Stock On the Rise After 2022 Second Quarter Earnings Report Goes Live

During the day, Disney stock ($DIS) had fallen to a new 52-week low of $104.79, but after the market closed and they released their 2022 Q2 earnings report, that number began to rise. According to Seeking Alpha, $DIS has already grown 3.3% in the after-hours as Disney+ subscriber growth was reported to exceed expectations.

Given that the market is closed for the day, tomorrow’s numbers will be a better gauge of reaction.

Disney posted $19.2 billion in total revenue for Q2, with $6.7 billion from the Parks, Experiences and Products division.

Stay tuned for more as the Q2 financial results call is set to begin shortly.

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