The Disney Group surprised investors Thursday when it announced its third-quarter results. The streaming service, Disney+, has reached 116 million subscribers, topping the 113.1 million that analysts had expected. In doing so, it won more than 12.4 million customers in one quarter.
This number is closely watched, as a measure of the service’s ability to grow despite the gradual exit from the pandemic, which has largely contributed to its success since its launch at the end of 2019. Figures that contrast with the disappointing forecasts of its rival Netflix for the current quarter.
“Our platforms are doing very well,” said Bob Chuck, president of Disney. He explained, “We now have 174 million subscriptions to Disney+, ESPN+ (sports, note) and Hulu, and many new content is about to be released.
The entertainment giant generally satisfied investors with $17 billion in sales and 923 million in profits between April and July, up 45%. A return to the prospect of green after a net loss of $4.7 billion recorded last year in the same period, at the heart of the health crisis.
The American group is recovering from the pandemic, which has led to the closure of its theme parks around the world and the grounding of cruise ships. The group also suffered from low movie theater attendance for most of the past year.
Concern about the delta variable
In the third quarter of a faltering fiscal year, the Parks, Experiences and Derivatives division reclaimed its colors, notably thanks to the partial lifting of restrictions at theme parks in Florida and California, although it continues to work with it. eligibility.
The business generated $4.3 billion in revenue, up from $1.1 billion a year ago. The theme parks division’s net profit was $356 million, down from a loss of about $1.9 billion a year ago when the vast majority of parks closed. However, the spread of the Delta variant is affecting Disney, which reimposed the mask on its visitors at the end of July indoors at its theme parks. Florida, where Disney World, the group’s main theme park, is located, is the epicenter of the latest wave of the pandemic in the United States, with new infection registrations and hospitalizations in recent days.
In post-close trading on Wall Street, the group’s title rose 5% while remaining during the session at a similar level to that of the year.
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