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Better-than-expected Q4 earnings for Disney

Miguel A. Rodriguez
Miguel A. Rodriguez
16 November 2020
Disney+ users increased in the past quarter

One of the largest producers and entertainment providers in the world – Disney posted fiscal Q4 2020 earnings that beat estimates.

In Q4, Disney reported losses per share of 20 cents, ahead of the 68 cents estimated by the market. The revenue figures came in at $14.71 billion, topping the $14.34 billion consensus. Analysts were expecting the revenue to fall 25%, given the current global situation.

Disney+, the company’s streaming platform, reported an increase in the number of users. The numbers reached 73.7 million after in the previous quarter the numbers were at 60.5 million.

On the other hand, the revenue generated by amusement parks plunged 61% to $2.58 billion, while the studio revenue reached $1.6 billion after a 52% fall.

For the fiscal year 2021, Disney expects the Coronavirus-related costs to come in at $1 billion, a considerable drop from Q4’s $3.1 billion. For the whole year, the costs came in at $7.4 billion. Also, Disneyland will stay closed until the end of fiscal Q1 2021.

Following the news, Disney’s stock price rallied 3.4%.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.