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Latest in Disney Earnings
Disney+ Cuts Streaming Subscriber Target, But Promises Service Profitable By FY2024
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…
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Disney’s Streaming Services Passed Netflix In Total Subscriptions – Update
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+ Adds 14.4M Subscribers To 152.1M, Beating Forecasts; Revenue, Earnings Buoyed By Parks
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…
Disney CEO Bob Chapek On The “Difficulty” Of Getting Films Released In China
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 Takes $1B Hit For Ending License Deals To Send Content To Streaming; Quarterly Sales Up, Profit Falls
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+ Adds Almost 8M Subscribers In Fiscal Q2, Nearly 20M Over Past Six Months
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…
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By Dade Hayes
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Disney Parks Swings To Quarterly Profit; Company Expects Another $1B In Total Covid Costs For Fiscal 2021
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+ Reaches 73.7 Million Streaming Subscribers, ESPN+ Tops 10 Million
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…
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By Dade Hayes
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Disney Beats Wall Street Q2 Revenue Estimate But Earnings Crater Due To COVID-19
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…
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By Dade Hayes
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Disney Says ‘Captain Marvel’ Will Be First Pic Held Back From Netflix, Expects $150M Profit Hit In 2019
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…
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By Dade Hayes
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‘Frozen’ Products Help Disney Beat Year-End Earnings Forecasts
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…
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Disney Tops Fiscal Q4 Earnings Estimates With Strong Theme Park Results
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…
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