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
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.
