Earnings

Disney (DIS) fiscal Q4 2021 earnings

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Disney reported fiscal fourth-quarter earnings on Wednesday after-the-bell. The company missed Wall Street estimates across the board during the quarter ended Oct 2., sending the stock down more than 4% in after-hours trading.

  • Earnings per share: 37 cents adj. vs 51 cents expected, according to Refinitiv
  • Revenue: $18.53 billion vs $18.79 billion expected, according to Refinitiv

The company added 2.1 million Disney+ subscribers to reach a total of 118.1 million, in line with Disney’s estimates. During the Goldman Sachs Communacopia Conference in September, CEO Bob Chapek said the segment’s growth had “hit some headwinds” and that Disney expected to add “low single-digit millions” of…



Source cnbc.com

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