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The cop work over

Walt Disney

The stock is focused on the long-term promise of the fast-growing but still unprofitable streaming business, as well as an impending post-pandemic rebound in the theme parks and movie studio segments, as the media and entertainment giant’s latest quarterly results on Thursday evening showed the rebound was in old deals prematurely as growth accelerates at Disney

Disney shares (ticker: DIS) rose nearly 3% to about $ 196 after trading on Thursday

In its fiscal first quarter results, which correspond to the fourth calendar quarter, Disney managed to achieve earnings of 2 cents per share, while Wall Street analysts’ average projections forecast a loss of 71 cents per share corresponds to a loss of 39 percent per share for the previous fiscal quarter for Disney and a loss of US $ 153 in profit for the same period last year

Excluding the amortization of intangible assets and restructuring charges, Disney made 32 cents per share for the last quarter, compared to its average forecast of a loss of 34 cents.But those estimates were pervasive: from a loss per share of $ 158 to $ 1adjusted earnings per share of 39

Disney reported $ 16 billion in revenue for the quarter, down 22% year over year, but ahead of the $ 15 billion consensus estimate of $ 9 billion, Disney reported $ 3 billion in operating income when analysts expected the company averaging 53 $ Million would barely break even, which is decent result for a challenging quarter, but compared to an operating profit of $ 4 billion last year

Disney changed reporting for its business units in the first quarter of fiscal year Disney Parks, Experiences and Products sales declined 53% to $ 3.6 billion for the quarter. The segment had an operating loss of $ 119 million from $ 2 billion -Dollar 5 billion profit in the same quarter of the previous year The pandemic is still weighing heavily on Disney’s theme parks and cruises, but it did better in the last quarter than at the beginning of 2020

CEO
Bob Chapek
The segment’s improvement was attributed to the company’s Covid-19 protocols, which allowed it to safely increase attendance.He said customers were dying to return to Disney World and future bookings were looking good, but that was the biggest factor behind the recovery of the park segment is the pace of global vaccine distribution

Disney’s Media and Entertainment Distribution segment, which includes movie studios, cable channels and streaming services, had $ 12.7 billion in revenue, 5% less than $ 1, operating income up 5 billion, down 2%

But streaming itself continued to be a bright spot. Disney’s streaming business revenue rose 73% year over year to $ 3.5 billion, while its operating loss decreased from $ 1 billion to $ 466 billion

Disney added 21 million paid subscribers in the quarter, starting with nearly 95 million subscribers globally in 2021. Just a year earlier, the service had 265 million subscribers, ESPN ended the period with 121 million subscribers, up 18 million and Hulu had 394 million Subscribers, plus 28 million

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That’s roughly 146 million accounts across all three Disney-reported services, up from 204 million

Netflix

(NFLX) Subscribers as of late 2020, up 85 million in the fourth quarter. In other words, Netflix still has a sizeable subscription lead over Disney, but the House of Mouse is catching up

However, Netflix wins in another category: Average monthly revenue per subscriber was $ 1102 at the end of 2020 Disney’s average revenue was $ 403 per month It was $ 1351 in Hulu and $ 448 on ESPN The company takes the cheaper Disney Hotstar in its reported numbers for Disney on that lowers the average revenue per subscriber, says Disney

And soon there will also be price increases: Disney in the US. will rise by $ 1 per month to $ 799, as of March, while other countries will see similar increases in their local currencies.Disney is launching Star – like an international Hulu – in more regions this year as well, in some countries It will be a function of Disney, in others it will be an independent service

Disney stock is up about 35% over the past year, including a 23% rally since a streaming investor day in mid-December, up 49% for Netflix and 51% for Netflix

discovery

(DISCA) After dividends

ViacomCBS

(VIAC) share has achieved a return of 70% over the past 12 months and

Fox

(FOXA) lost 12% The Dow Jones Industrial Average returned 10%

S&P 500

returned 19% in the same period

The bull work on Walt Disney stock focuses on the long-term promise of the fast-growing but still unprofitable streaming business, as well as an impending post-pandemic recovery in the theme parks and movie studio segments

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Disney Stock

World News – CA – Disney Earnings Show a Recovery And it’s not just Disney

Source: https://www.barrons.com/articles/disney-earnings-show-a-recovery-and-its-not-just-disney-51613081966