Earnings

Disney (DIS) fiscal Q3 2021 earnings

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Disney reported blowout fiscal third-quarter earnings after the bell Thursday, beating Wall Street expectations on subscriber growth, revenue and earnings.

The company’s shares were up more than 5% in after hours trading.

  • Earnings per share: 80 cents vs 55 cents expected in a Refinitiv survey of analysts
  • Revenue: $17.02 billion vs $16.76 billion expected in the survey

The company beat on subscriber estimates for Disney+, coming in at 116 million. StreetAccount estimated the company to report 114.5 million subscribers for its third quarter. The segment had 103.6 million in its fiscal second quarter.

Average monthly revenue per subscriber for Disney+ dipped 10% year over year to $4.16. The…



Source cnbc.com

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