Walt Disney Co (NYSE: DIS) shares gained 2.4% on Friday after the company reported a better-than-expected earnings loss in the third quarter and said its Disney+ streaming service now has more than 73 million paid subscribers.
Disney reported an adjusted third-quarter EPS loss of 20 cents, beating Wall Street estimates of a 71-cent loss. In addition, Disney reported $14.71 billion in revenue, ahead of analyst expectations of $14.2 billion.
By combining its 73.7 million Disney+ subscribers, its 36.6 million Hulu subscribers and its 10.3 million ESPN+ subscribers, Disney now has roughly 120 million total streaming subscribers compared to about 195 million subscribers for Netflix, Inc. (NASDAQ: NFLX).
Disney also announced it's suspending its semi-annual dividend as a defensive measure due to the pandemic and as part of its plan to prioritize investment in direct-to-consumer businesses.
Disney reported an adjusted third-quarter EPS loss of 20 cents, beating Wall Street estimates of a 71-cent loss. In addition, Disney reported $14.71 billion in revenue, ahead of analyst expectations of $14.2 billion.
By combining its 73.7 million Disney+ subscribers, its 36.6 million Hulu subscribers and its 10.3 million ESPN+ subscribers, Disney now has roughly 120 million total streaming subscribers compared to about 195 million subscribers for Netflix, Inc. (NASDAQ: NFLX).
Disney also announced it's suspending its semi-annual dividend as a defensive measure due to the pandemic and as part of its plan to prioritize investment in direct-to-consumer businesses.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.