Latest in Disney Earnings

Disney today lowered its long-term forecast for Disney+ subscribers. It expects core Disney+ subs, not including the Disney+ Hotstar service in India, to reach 135 million to 165 million by the end of fiscal 2024. CFO Christine McCarthy said the company estimates the Hotstar service will have “up to” 80 million…

UPDATED with subscription vs. subscriber clarification: Walt Disney’s total DTC subscriptions all in totaled 221.1 million for the company’s fiscal third quarter ended in June. That was a big beat for Disney+ and its parent. It also passed Netflix in total subscriptions. That streamer noted today that subscriptions…

Disney+ added 14..4 million subscribers, smashing past expectations for an add of about 10 million. DTC subs all in totaled 221 million for the company’s fiscal third quarter ended in June. The stock is up 6%. Revenue and earnings also beat, driven by parks. "We had an excellent quarter, with our world-class creative…

With Marvel's global juggernaut Doctor Strange missing in action in China, Disney CEO Bob Chapek called the situation there "very fluid and very complicated, both from a business standpoint and from a political standpoint.” But he noted that Doctor Strange In The Multiverse of Madness had just crossed the $500…

Disney beat on streaming subs but its financials missed the mark in the second quarter of 2022 due to a hefty $1.023 billion it said it “owned a customer to early terminate license agreements for film and television content delivered in previous years” it wants to use on its direct-to-consumer services. Revenue of…

Disney delivered strong streaming gains, adding nearly 8 million new subscribers to Disney+ in its fiscal second quarter. Disney+ reached a global total of 137.7 million subscribers as of the April 2 end of the quarter, up from 129.8 million in the previous quarter. The tally was up almost 20 million from six months…

Disney’s parks and resorts division swung to the black last quarter in a slow turnaround for one of the nation’s sectors hardest hit by the global pandemic. On a conference call with analysts post-earnings Thursday, CEO Bob Chapek said the fast spreading Delta variant is — so far — really only impacting big groups and…

Disney+ reported 73.7 million subscribers as of September 30, with ESPN+ topping 10 million for the first time. The numbers were included in Disney’s fiscal fourth quarter earnings release, which showed a media giant battered by COVID-19 but one that nevertheless exceeded Wall Street’s financial forecasts. ESPN’s…

Disney managed to muscle out a fiscal second quarter with total revenue of $18 billion rising 21%, edging Wall Street estimates. But earnings fell far short of the bar, showing the toll of COVID-19 as the company’s theme-park division absorbed a $1 billion profit hit. Adjusting for items, earnings came in at 60 cents…

The beginning of the No-Netflix Era for Disney is officially at hand. Captain Marvel, which comes out March 8, will be the first title held back from Netflix and instead ticketed for Disney+, the high-profile streaming service coming by the end of 2019, CEO Bob Iger confirmed Tuesday. CFO Christine McCarthy estimated…

It’s a pretty big beat, so there are a lot of factors at play lifting shares 3.3% in post-market trading. But consumer products, often an afterthought at Disney, stood out in the last three months of 2014 as merchandise from the animated hit Frozen sold well from Halloween through Christmas. Disney reported net income…

The basic numbers look fine but investors may find reasons to be concerned by Disney‘s unusually complicated report for a quarter that included a writedown for The Lone Ranger and an accounting adjustment that reduced ESPN revenues. The company reported net income of $1.54B, +11.0% vs the period last year, on revenue…