Disney+ hits 95 million subscribers as earnings beat expectations

Walt Disney Co. said Thursday its marquee streaming service Disney+ grew to nearly 95 million subscribers during the first quarter of its fiscal year, while the pandemic continued to weigh on the entertainment giant’s finances.

Net income fell 99% to $29 million during the three months that ended Jan. 2. In the previous first quarter, Disney had a profit of $2.13 billion. The company’s earnings of 32 cents a share, excluding certain items, were much better than the loss of 34 cents Wall Street analysts expected, according to data firm FactSet. Quarterly revenue fell 22% to $16.2 billion, but that also topped analyst expectations of $15.9 billion.

Disney+ numbers were boosted by high-profile releases, including the second season of “The Mandalorian” and the Pixar film “Soul,” which hit the service on Christmas. The service also recently put out the quirky Marvel series “WandaVision” to strong reviews and is set to follow up later this year with “Falcon and the Winter Soldier.” About 30% of Disney+'s global subscriber base comes through its Hotstar offering in India and Indonesia.

So peoples show theire support over an evil compagny who support real life concentration camps and genocide because they canceled a woman over a Tweet... Peoples have lost theire mind, they dont even fact check anymore its ALL about propaganda.... Insane.

Come on. You don't make enough pan handling to pay rent . But you can buy toiletries.

How does a homeless woman wash a sleeping bag . At the laundry mat . Or In a construction trash bag Or On the pavement , right at the water spicket

Kudos! disney+

My LG6950 LGUS won't let me have Disney+ It is a good tv and I won't replace it for now... There is a huge untapped market

I thought the Conservatives were cancelling their subscription due to Gina being booted wait they forget to cancel?

All this furore over cancelling Disney plus over Gina Carino. People overestimate their general effect on the world.

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Disney earnings: Surge by Disney+ to nearly 95 million subscriptions leads to surprise profitDisney+ proved again to be a big plus during a pandemic that has all but shuttered the Magic Kingdom’s other businesses. And that had Disney shares up 2% in after-hours trading Thursday: Then, when tourism resume in the world they will have a queue of al least 2 years to get in the parks.
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