The Walt Disney Company (DIS) reported mixed fiscal fourth quarter results. Adjusted earnings per share of $0.82 topped analyst expectations of $0.69, while revenue of $21.24 billion fell slightly short of estimates of $21.43 billion. The entertainment giant also now sees bigger cost savings than it had previously expected, raising its estimate to $7.5 billion from $5.5 billion. The company’s main streaming service, Disney+, also added more subscribers than the Street had been anticipating.
Third Bridge Group Sector Analyst Jamie Lumley says that the growth in streaming subscribers is a “positive sign,” but that its direct-to-consumer losses, though smaller, are nonetheless still losses. Overall, Lumley says the streaming business is showing “encouraging signs,” but that “a lot of questions” remain. Watch the video above to hear what Lumley had to say about Disney’s parks business.
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your vlogs are awesome
They are lying about the subscribers. They are not cancelling subscriptions of customers that no longer pay to make numbers look better.
The parks in US are empty and lost a lot visitors, the quality is decreasing and well running attractions like Splash Mountain are destroyed for woke nonsens. The only thing about the stock price is that Nelson Pelz buys as lot of shares as possible. The streaming result are only ok for the moment while they offer the 2.99 membership for view weeks and the viewers will not remain at the plattform. In. reality with all of the law suits Disney is not more than 60$ worth per share. And there are no hope for dividends at the moment, not under Igers regime! That is realy nonsens.