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Disney stock hits 4-month high as US parks book profit

Disney stock hits 4-month high as US parks book profit
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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Cramer Touts Disney's ESPN+ Price Raise, Early 'Black Widow' Success

Cramer Touts Disney's ESPN+ Price Raise, Early 'Black Widow' Success
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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IT | Benzinga

Reporting its second quarter earnings last week, A.P. Moller-Maersk said it is planning to boost the size of the company s IT staff and that Technology is core to both our vision to become the global integrator of container logistics and a key enabler to enhance our operating performance.
The. Read More. ....

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Walt Disney Company (The) (NYSE:DIS) - Walt Disney Shares Pull Back After Q2 Earnings: What Do Analysts Think?

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On Thursday afternoon, Disney reported second-quarter EPS of 79 cents on revenue of $15.61 billion. Both numbers exceeded consensus analyst estimates of 27 cents and $15.87 billion, respectively. Revenue was down 13% from a year ago.
Disney reported 103.6 million paid Disney+ streaming subscribers, well short of analyst expectations of 109 million. However, management reiterated its previous guidance of between 230 million and 260 million Disney+ subscribers by 2024.
Average monthly revenue per user dropped 29% to $3.99 in the quarter, which Disney attributed to the launch of Disney+ Hotstar.
Disney said it now had 159 million total direct-to-consumer subscribers, which includes ESPN+ and Hulu.
Long-Term Subscriber Growth: CFRA analyst Tuna Amobi said the subscriber miss was likely driven by pull-forward effects of the pandemic in 2020, and Disney still appears on track to hit its longer-term subscriber goals. ....

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Disney Earnings Are Out – Here Are the Numbers

The company missed on subscriber estimates for Disney+, coming in at 103.6 million paid subscribers. It was expected to post 109 million, according to FactSet.
The streaming service had been bolstering the company s success as it was losing out on business from Covid restrictions, but it seems the rapid growth is starting to slow. Still, the company reiterated its plans to see between 230 million to 260 million subscribers to Disney+ by 2024.
This quarter s numbers were exactly as we projected internally, so no disappointment here, CEO Bob Chapek told CNBC s Julia Boorstin.
Average monthly revenue per user dipped 29% year over year to $3.99, which the company attributed to the launch of Disney+ Hotstar. The service has lower average monthly revenue per paid subscriber than traditional Disney+ in other markets, pulling down the overall average for the quarter. ....

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