83 days ago • Posted by William Ramstein
Disney sees strong gains in new members, shares rise.
Disney reported $16.25 billion in revenue, far above the Street estimate of $15.93 billion, while adjusted EPS came in at a loss of 32 cents, beating the Street estimate of a 41-cent loss. The company pulled this off despite suffering a loss in revenue from its parks and cruise ships being fully closed, or open with reduced capacity, due to the COVID-19 pandemic. Disney’s largest growth was in its streaming subscriptions. The company reported it had secured 95 million Disney+ subscribers for the quarter and now has more than 146 million total paid subscribers. This quarter marks the first since the company ended its free trial period. - Yahoo