The addition of the three mature Asian markets should fuel further subscriber additions for the service, which beat analyst expectations on Thursday by hitting 116 million total subscribers.
But the company said Disney+ will be expanded in Japan in October to feature additional general entertainment content from the Star brand. The addition of the three mature markets of South Korea, Taiwan and Hong Kong, combined with the expansion in Japan, where subscription fees resemble the U.S. market, should help boost ARPUs in Asia in the quarters ahead.
“The response towards Disney+ across Asia Pacific has exceeded our expectations, as consumers seek diverse entertainment content and are drawn to our portfolio of brands and franchises,” said Luke Kang, President, The Walt Disney Company Asia Pacific. “We are pleased with the subscriber growth and partnerships forged in markets, and look forward to engaging with more consumers across the region.”
Disney’s third-quarter earnings came in strong across the board Thursday, with the entertainment giant reporting revenue of $17 billion. The market consensus had been for revenues of $16.8 billion. Earnings per share were $0.80, blowing past the estimate of $0.55. The company’s stock was up more than 10 percent in after-market trading.
The company’s theme parks business, by far the most battered segment by the pandemic, swung to a profit for the first time since Covid-19 emerged, drawing revenue of $4.3 billion and income of $356 million. Disney CFO Christine McCarthy said Disney World is now operating at or near capacity, but she acknowledged that the Delta variant of the coronavirus has introduced some uncertainty to the outlook for theatrical filmgoing, theme parks and the cruise ship business.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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 »
Disney Plus Sets Korea, Hong Kong, Taiwan LaunchesStreaming platform Disney Plus will be expanded to begin operations in South Korea, Hong Kong and Taiwan in November this year. The announcement was made on the sidelines of Thursday’s Walt Disney …
Consulte Mais informação »
Why Disney’s ‘Free Guy’ Will Be on HBO Before It’s On Disney PlusWhen Disney announced during its quarterly earnings call in May that “Free Guy” and “Shang-Chi and the Legend of the Ten Rings” would be the studio’s first exclusive t…
Consulte Mais informação »
Daniel Schmid’s ‘The Written Face’ Near to Re-Launch by Cinémathèque Suisse (EXCLUSIVE)A force on Europe’s film archive scene, the Cinémathèque Suisse is near to finishing a restoration of “The Written Face,” regarded as one of the best films by one of Switzerland’s most prominent fi…
Consulte Mais informação »
Indian launch attempt of earth observation satellite failsNEW DELHI (AP) — An Indian rocket failed in its attempt Thursday to put a satellite into orbit to provide real-time images used to monitor cyclones and other potential natural disasters. A technical fault occurred in the third and final ignition stage shortly after the rocket was launched from the space center in Sriharikota in southern India, the country's space agency said.
Consulte Mais informação »