Disney parks swing to a profit as Disney+ hits 116 million subscribers
Walt Disney Co. swung to a profit in the third fiscal quarter, with improved results at its key parks and products division helping the entertainment colossus beat earnings estimates on Wall Street on Thursday.
Parks continued to recover from pandemic doldrums in the quarter. Revenue for Disney’s parks, experiences and products segment — which includes Walt Disney World and Disneyland Resort — was $4.34 billion, up from $1.06 billion a year earlier. Disney’s cruise business is also slowly returning to life. Last month, Disney completed its first cruise since the start of the pandemic with the Disney Magic sailing for short-term staycations for U.K. residents. This week, a Disney ship set sail on its first U.S.-based cruise from Florida.
The majority of new subscribers came from Disney’s low-cost Disney+Hotstar service available in India and Indonesia. Disney+Hotstar now accounts for a little less than 40% of total Disney+ subscribers, McCarthy said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Disney+ doubles subscriber base to 116 million in fiscal third quarter after release of Marvel's 'Loki'Analysts remain optimistic that the subscription service will reach its goal of 230 million to 260 million subscribers by 2024.
Consulte Mais informação »
Disney earnings exceed expectations as parks reopen and Disney+ growsTheme parks are back, and that's good news for Disney, which reported better-than-expected earnings and a return to revenue growth for the first time in five quarters.
Consulte Mais informação »
Canada Goose Sales Rebound 116 PercentCanada Goose Holdings’ sales bounced back in its fiscal first quarter as digital sales continued to grow rapidly.
Consulte Mais informação »
Disney swings to profit as reopened parks bolster revenueThe Walt Disney Co. swung to a profit in its most recent quarter as reopened parks provided a revenue bounce. Revenue in the parks and products division surged to $4.3 billion from $1.1 billion a year ago, as theme parks closed last year were open for part or all of this year’s quarter. Disney World in Florida has been open since last summer; California’s Disneyland only came back at the end of April.
Consulte Mais informação »
Disney beats Wall Street estimates as streaming grows, parks turn profitWalt Disney Co (DIS.N) earnings topped Wall Street forecasts for the most recent quarter as its streaming services picked up new customers and the pandemic-hit theme parks unit recorded a profit.
Consulte Mais informação »
Disney Sales Bounce as Visitors Return to Parks, Streaming Service GrowsWalt Disney reported a sharp jump in sales for the June quarter as more visitors are going to its parks, moviegoers are flowing back into theaters and its streaming service added more subscribers than expected
Consulte Mais informação »