Disney Earns 37 Cents per Share

After the closing bell, Disney (DIS) reported fiscal Q4 earnings of 37 cents per share. That missed expectations of 44 cents per share. Quarterly revenues were $18.53 billion. That was also below expectations of $18.79 billion.

One problem is parks, experiences and products. Revenue for that division came in at $640 million. While that’s double last year’s Q4, it’s still below expectations of $900 million.

Disney+ is now up to 118.1 million subs. The Street was expecting 125.4 million. For the quarter, they added 2.1 million while Wall Street had been expecting an increase of 9 million.

One bright spot is ESPN+. They added 17.1 million subs compared with expectations of 16.4 million. Revenues per user came in at $4.74 which also beat expectations by 10 cents.

Disney is down about 4% after hours.

Posted by on November 10th, 2021 at 4:16 pm


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