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Walt Disney Q2 Profit Beats Street View, But Revenues Miss


Walt Disney Q2 Profit Beats Street View, But Revenues Miss
BURBANK (dpa-AFX) - Entertainment and media conglomerate Walt Disney Co. (DIS), Thursday reported a mixed results for its second quarter, as its earnings trumped Wall Street estimates but revenues fell shy of expectations.
Burbank, California-based Disney reported a second-quarter profit of $901 million or $0.50 per share, compared with last year s profit of $460 million or $0.25 per share.
Adjusted earnings for the quarter were $0.79 per share, up from $0.60 per share last year. On average, 25 analysts polled by Thomson Reuters estimated an earnings of $0.27 per share.
Revenues for the quarter slipped 13% to $15.61 billion from last year s $18.03 billion last year. Analysts had a consensus revenue estimate of $15.87 billion. ....

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Walt Disney Q1 Results Beat Wall Street Estimates


Walt Disney Q1 Results Beat Wall Street Estimates
BURBANK (dpa-AFX) - Walt Disney Co. (DIS) Thursday reported a surprise profit for the first quarter, as subscribers for its streaming content surged. The media and entertainment giant s earnings and revenues easily trumped Wall Street estimates.
Burbank, California-based Disney reported a first-quarter profit of $17 million or $0.01 per share, compared with last year s profit of $2.11 billion or $1.16 per share.
Adjusted earnings for the quarter were $0.32 per share, down from $1.53 per share last year. On average, 24 analysts polled by Thomson Reuters estimated a loss of $0.41 per share.
Revenues for the quarter slipped 22% to $16.25 billion from last year s $20.88 billion last year. Analysts had a consensus revenue estimate of $15.93 billion. ....

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Everything Old Is New Again as Disney Feeds Its Streaming Beast


Everything Old Is New Again as Disney Feeds Its Streaming Beast
Bloomberg
12/12/2020
Kelly Gilblom and Christopher Palmeri
(Bloomberg) If you’re a Disney fan in any way, there was something for you in the company’s four-hour investor-day presentation this week.
The world’s largest entertainment company touted plans for dozens of new movies and TV shows and plans a surge in content spending to as much as $16 billion a year by 2024. Some 80% of the lineup is aimed at Disney’s growing array of streaming services.
On tap are 10 Star Wars series, including the first two spinoffs from the Disney+ streaming service’s hit “The Mandalorian.” There are 10 Marvel series, including projects with a deep bench of Black and female superheroes. Characters from recent films such as “Moana,” “Zootopia” and “Big Hero 6” are getting TV shows. Even Dug, the lovable dog from Pixar’s 2009 film “Up,” will get his own series. ....

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