Disney earnings preview: Growth in Disney+, parks in focus amid reopenings_老虎社区_美港股上老虎

Disney earnings preview: Growth in Disney+, parks in focus amid reopenings

finance.yahoo2021-08-12

Disney (DIS) is set to report fiscal third-quarter results Thursday after market close, with investors set to closely monitor growth trends in both the entertainment conglomerate's streaming and parks...

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335

WLtan
·2021-08-13
Great
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3
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- rachhy:
  good
  2021-08-13
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Ken3888
·2021-08-13
K
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2
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- Ken3888:
  K
  2021-08-13
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- Mookey:
  Ok
  2021-08-13
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- wintomoon:
  Liked
  2021-08-13
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手可摘棉花
·2021-08-13
Looking forward to the release of LOki season 2
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1
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claratan
·2021-08-13
Nice
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1
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- T2C:
  Yes
  2021-08-13
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Dazy
·2021-08-13
👍
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2
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987ce65
·2021-08-13
Ok
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1
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- Calvin_GKH:
  Like back plz
  2021-08-13
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Tomxx
·2021-08-13
Like
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3
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MengKeng
·2021-08-13
Rise Disney Rise
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2
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- J288:
  pls like back. Thanks
  2021-08-13
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KYLeong
·2021-08-13
Disney+ [Strong]
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3
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- J288:
  pls help to like back. Thanks
  2021-08-13
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Aurum
·2021-08-13
Pls comment and like
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4
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- Huat899:
  Pls like and comment back, thanks
  2021-08-13
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- KYLeong:
  Liked
  2021-08-13
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Aloynty
·2021-08-13
Both a fan and a vested investor
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5
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- LWZ2218:
  Buy Buy
  2021-08-13
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- Aurum:
  Buy
  2021-08-13
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- Huat899:
  Pls like and comment back, thanks
  2021-08-13
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Janetkaneki
·2021-08-13
Likes
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5
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neosg
·2021-08-13
Great company
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3
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Finree
·2021-08-13
Good n surprise growth. Keep it up!
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5
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- WEESTOCK:
  [强]
  2021-08-13
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Gackky
·2021-08-13
Dream will works, if u believe
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7
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Sorrie2u
·2021-08-13
Gg
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5
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Visionz
·2021-08-13
Cool. Please like
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5
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- Sorrie2u:
  ok
  2021-08-13
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- yonglh:
  Ok
  2021-08-13
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Sunny0809
·2021-08-13
Good
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5
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koolgal
·2021-08-13
Disney investors are looking forward to better performance results. Will Disney's stock price go up?
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12
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- Sunny0809:
  Ok
  2021-08-13
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- koolgal:
  Thanks👍😊
  2021-08-13
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- Aloynty:
  Matter of time
  2021-08-13
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DarkRaven
·2021-08-13
Ok
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4
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By the end of the third quarter, all of Disney's global theme parks had reopened, including Disneyland Paris and Disneyland in California, which had still been closed earlier this year.\nThough foot traffic at the parks has been below pre-pandemic levels, the reopenings have enabled the profit engine of Disney's overall business to resume operations more robustly. Disney's parks, experiences, and consumer products business segment is expected to swing to an operating profit of just over $41 million during the quarter, recovering after posting a loss in the same period last year.\nCosts related to addressing pandemic-related health concerns are still expected to be high for Disney, however. Last quarter, Disney said it expected to spend around $1 billion on safety measures for employees, talent and guests in fiscal 2021.\nBut for investors, the company's nearly two-year-old streaming business Disney+ is crucial and will be under the spotlight during Disney's earnings release and call on Thursday. Over the course of the pandemic, growth at Disney's streaming platform Disney+ helped placate investors as the company's lucrative parks and resorts saw business dry up.\nBut as more consumers got vaccinated and went back outdoors, growth at Disney+ began to slow. In May, Disney+ posted its weakest quarter for user growth since its debut, with new subscribers rising by 8.7 million. Still, company has grown notably since launching in late 2019, with subscribers breaking above the 100 million mark in less than two years.\nThe slowdown in streaming has not been limited to Disney. Netflix, the incumbent leader among U.S.-based internet streaming platforms, added just 1.5 million new members in the second quarter of this year. That fell sharply from the more than 10 million paid users added in the same quarter last year, when consumers turned in droves to find entertainment during the height of stay-in-place orders.\nFor Disney, Wall Street analysts expect Disney+ to report another 8.2 million users joined in the third quarter, bringing the total number of subscribers to about 112.8 million. That would compare to 209.2 million at Netflix.\nDisney's broad library of content on Disney+ and its other streaming platforms have been the key to its success to date, and updates on its content portfolio are set to be closely watched. ESPN+ grew subscribers by 75% year-over-year last quarter to 13.8 million, with a stronger lineup of live sports helping boost viewership. And the company also announced two new rights deals during its earnings call last quarter, including an enhanced deal with Major League Baseball until 2028 and a new deal with LaLiga, the men’s professional soccer division of the Spanish soccer league.\nIn terms of films, Marvel names including \"Loki\" and \"Black Widow\" saw success both in theatrical releases and on Disney+, offering another major positive for Disney's business during the 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