Disney (DIS) fourth quarter 2021 earnings

A wide ranging fireworks show will happen on July 1, 2021 at Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. .

Liao pan | China Intelligence Service | Getty Photographs

Disney reported fourth quarter earnings on Wednesday after the bell. The corporate broadly missed Wall Road estimates, which despatched the inventory down in after-hours buying and selling.

  • Earnings per share: 37 cents adj. in comparison with 51 cents anticipated, in keeping with Refinitiv
  • Income: $ 18.53 billion versus an anticipated $ 18.79 billion, in keeping with Refinitiv

The corporate had 118.1 million Disney + subscribers, in keeping with Disney’s estimates. Talking on the Goldman Sachs Communacopia convention in September, CEO Bob Chapek mentioned the section’s development has “hit some headwinds” and Disney expects so as to add “a low single-digit million” in streaming subscribers within the fourth quarter.

Wall Road appeared extra bullish than Chapek, nonetheless. StreetAccount estimated the corporate would report a complete of 125.4 million Disney + subscribers within the fourth quarter, up from 9.4 million new subscribers because the third quarter.

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