Disney believes that she can return to growth in her important broadcasting business this year.
This hope continues with strengthening Netflix (NFLX).
“Netflix clearly had a large quarter in terms of content, with some sports activities and some distribution deals they did outside the United States. But from our point of view, we manage work in a way that we try to do so. Margins at the same time, we are on the right track. “
Disney+ 125 million subscribers in the last quarter achieved a decrease of 0.7 million from the previous quarter. The number was much lower than the estimates of the analysts of 148.7 million.
In comparison, Netflix shocked investors several weeks ago by adding 19 million subscribers in this quarter. The company has been strengthened by its first invasion in live sports through events such as Tyson VS. Paul Boxing Match.
“We expect a mixture of more content [for Disney+] We reach the last part of the year. ESPN+ Flagship will be an option, it will be part of Disney+. In addition, the paid sharing will definitely be a driver. “
Disney shares declined slightly in pre -market trading, as investors balanced the flowing outbreak against the best profits than expected.
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Net sales: 24.7 billion dollars, +5 % year on an annual basis, compared to 24.57 billion dollars
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Entertainment revenue: 10.87 billion dollars, +8.9 % on an annual basis, compared to $ 11 billion
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Directly to consumer revenues: 5.78 billion dollars, +15 % on an annual basis, compared to $ 5.82 billion
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Sports revenue: 4.85 billion dollars, +0.3 % on an annual basis, compared to $ 4.7 billion
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Experience in revenue: 9.42 billion dollars, +3.1 % on an annual basis, compared to $ 9.3 billion
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Disney+ Total subscribers: 124.6 million for 148.7 million estimates
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EPS average: $ 1.76, an increase of 44 % on year, compared to $ 1.42
There was a lot that you liked in a quarter of Disney.
Reducing the aggressive costs of the company under CEO Bob Egger achieves a lot of improved profitability. That appeared in a quarter in some areas.
The direct consumer company achieved $ 298 million of operating profits in the quarter at a loss of $ 138 million last year. Nutrition of improving the operating profit for the entertainment sector by 95 % through a strong response to the box office like MUFASA and narrow cost controls.
Johnston said: “I think we are doing a great job in eliminating the unnecessary cost and at the same time investing again in work in all right ways,” Johnston said.
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