Mixed quarterly earnings for Disney

Mixed quarterly earnings for Disney

Disney reported its figures for fiscal Q1 2021

The company revealed an adjusted EPS of 32 cents on revenues of $16.25 billion. The market was expecting a loss per share of 41 cents, and revenues of $15.9 billion.

For the quarter ended January 2, Disney’s streaming service – Disney+ - reported almost 95 million paid subscribers. An increase was also noticed in the number of Hulu subscribers – 26%.

Across all its streaming services such as Disney+, Hulu, ESPN+, overall Disney has more than 146 million paid subscribers.

On the other hand, revenues generated by Disney parks fell 53% to $3.58 billion. For the future, CEO Bob Chapek expects a reopening or an increase in the number of visitors close to the end of the year.

Following the news, Disney stock price gained 1.7%.

Source: cnbc.com

The information presented herein is prepared by ae.capex.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.