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