Disney's earnings and report

Disney has reported reaching 116 million subscribers to its Disney streaming service, double last year's figure. Thanks, among other things, to the relaunch of Disneyland Parks, the company posted a 44% increase in revenue.

Shares in The Walt Disney Company (DIS), up 36% over the past year but little changed since the start of 2021, rose 5.2% after the close of trading on Thursday on the back of the release of better-than-expected Wall Street results for the third fiscal quarter ended 3 July 2021.

Disney report

Earnings per share rose to $0.8, up from a figure of $0.08 a year ago and $0.79 last quarter.

The company's total revenues rose 44% to $17.02 billion.

The company again did not provide quarterly or full-year financial projections as it is still heavily exposed to future developments with COVID-19.

Throughout the third quarter, all Disney theme parks were operating, which helped the company show strong results. Before the pandemic and the advent of the Disney streaming service, it was Disneylands that accounted for the largest share of revenue. Today, Disney's largest business segment has become the streaming service, which, in addition to subscriptions, earns money from pay-per-view new releases that appear on it after 45 days of box office receipts in cinemas.

Disney divisional results

Disney reached a record 116 million subscribers. The company reported adding 12.4 million Disney subscribers for FY3.

The total number of subscribers for all Disney-owned streaming services: Disney ESPN and Hulu reached 174 million. Below is a breakdown of their growth from last year's value.

The average monthly revenue per Disney subscriber fell 10% year-on-year to $4.16. However, this is because the company has added many Disney and Hotstar package subscribers in Indonesia and India, where subscription prices are much lower than in the US and Europe.

Disney parks and shops revenues jumped 308%.

Revenue for the segment that includes Disney theme parks and branded shops jumped 308% from last year to $4.3 billion, which is also a significant increase from $3.17 billion in FY2.

Segment operating profit reached $356 million, compared to a loss of $1.87 billion in the same quarter last year.