Walt Disney lost $195 million for the quarter as a result of its withdrawal from Russia

Net income was $470 million, compared to $901 million in the same period a year earlier.

Adjusted earnings per share (EPS) rose 36.71%, from $0.79 to $1.08, while Wall Street had expected to see EPS of $1.19.

Since the beginning of 2022, Walt Disney's stock has fallen 32.93%, while its competitor and streaming leader Netflix has lost 72.15% of its share price.