In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney + logo.
Thiago Prudencio | SOPA Images | Light rocket | Getty Images
Actions of Disney It rose 4.5% after the closing bell on Wednesday after the company reported stronger-than-expected growth in streaming subscribers across all of its media platforms.
Here are the results.
- Earning per share: $ 1.08 add
- Income: $ 19.25 billion
- Total Disney + memberships: 137.7 million versus the expected 135 million, according to StreetAccount
nach Netflix published loss of subscribers during its last quarter and anticipating a further decline in subscribers in the future, investors have been eager to learn about the performance of Disney streaming platforms, most notably Disney +.
Analysts expect the company to add about 5 million new Disney + subscribers in the period between January and March, bringing the total number of users to 135 million, according to StreetAccount.
Shares of Disney have plummeted 30% since January and more than 40% from the same period last year as investors wonder if the company can support its growth in streaming and wonder how the increase in the price. inflation and a possible recession could affect its other business ventures.
Disney theme park revenue has increased dramatically in the past few quarters, but international travelers have not yet returned en masse. New attractions such as Star Wars Galactic Starcruiser will also be reflected in this quarter’s results, giving shareholders information on the demand for new and engaging Disney experiences.
Shareholders will also be pleased to hear from CEO Bob Chapek on ongoing policy issues in Florida, which could affect Walt Disney World operations next year.
The studio’s box office results will be muted, as it didn’t have major theatrical releases between January and March. However, this segment of the business will see more significant returns during the remainder of fiscal year 2022 and the first quarter of 2023.
“Doctor Strange in the Multiverse of Madness” was released with excellent box office results, and next in the charts is Pixar’s “Lightyear” followed by “Thor: Love and Thunder”.
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