News Formal

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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney: Potential Subscriber Loss Takes Center Stage Ahead of Key EarningsStocks Analysis by Investing.com (Günay Caymaz) covering: Walt Disney Company, Walt Disney, Walt Disney Company DRC, Walt Disney Co BDR. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »