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We are just 50 days away from Walt Disney World’s 50th Anniversary celebration, “The World’s Most Magical Celebration” which launches on October 1, 2021. Good news is coming out of the Walt Disney Company today, as it has reported earnings for its third quarter and nine months earnings for fiscal 2021. With Disney Parks slowly but surely returning to normal with each and every day, it looks like The Walt Disney Company is making a BIG comeback! Not only are we seeing an increase in Park revenue earnings, but we’re also seeing Disney’s streaming networks (such as Disney+) continue to impress.
As shared in the third-quarter report: “We ended the third quarter in a strong position, and are pleased with the Company’s trajectory as we grow our businesses amidst the ongoing challenges of the pandemic,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “We continue to introduce exciting new experiences at our parks and resorts worldwide, along with new guest-centric services, and our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms.”
The report goes on to note, “Disney Parks, Experiences and Products revenues for the quarter increased to $4.3 billion compared to $1.1 billion in the prior-year quarter. Segment operating results increased $2.2 billion to income of $356 million. Operating income for the quarter reflected increases at our domestic and international parks and experiences businesses and at merchandise licensing and retail.”
Scott Gustin breaks down some of the numbers via Twitter by reporting: ” Disney with a big Q3 earnings win: Disney+ subscribers at 116 million (expected 113 million); Disney Parks, Experiences, Products $4.341B, Up 100+% YoY; Revenue: $17.02B (exp $16.80B).” Gustin goes on the share, Here’s the streaming breakdown:”
- Disney+: 116 million
- ESPN+ 14.9 million
- Hulu SVOD only: 39.1 million
- Hulu Live TV + SVOD: 3.7 million
- Total Hulu: 42.8 million
- 4:10 PM · Aug 12, 2021·TweetDeck
The Walt Disney Company’s reported quarterly earnings for its third fiscal quarter ended July 3, 2021. We have high hopes Disney continues down the path of growth for the fourth quarter, despite Orange County’s state of emergency due to a rise of COVID cases, and the reinstatement of the mask policy while indoors on property. Ready to view the full third-quarter report? Here’s the 2021 Walt Disney Company’s fiscal report for the third quarter.
