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
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.
Therefore, Key Way Investments 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 and forecasts are not reliable indicators of future results.
