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Disney Q4 earnings top estimates as direct-to-consumer business slashes losses

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Disney Q4 earnings top estimates as direct-to-consumer business slashes losses

Investing.com - Walt Disney reported Wednesday fiscal fourth-quarter earnings that topped Wall Street estimates, as its direct to consumer business including Disney+ raked in more subscribers and slashed losses.adjusted EPS of $0.82 on revenue of $21.24 billion. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $21.37B.

Disney+, its streaming business, reported about 7M new core Disney+ subscribers for the quarter, taking its total subscribers to 150.2M, with domestic average monthly revenue rising to $7.50 per subscriber from $7.31, driven by higher advertising revenue.

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