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Dynamic quotes 
OFFON

WALT DISNEY COMPANY (THE)

(DIS)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/02 12:15:19 pm
176.41 USD   +0.22%
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07/30Disney mandates vaccines for on-site U.S. employees
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Disney Adds Fewer Than Expected Disney+ Subscribers, 2Q Revenue Falls Short

05/13/2021 | 02:44pm EDT

By Erich Schwartzel and Allison Prang

Walt Disney Co. added 8.7 million Disney+ subscribers in the second quarter and its parks segment logged an operating loss as the company faces an economy trying to emerge from the Covid-19 pandemic.

Disney+ ended the quarter with 103.6 million subscribers, compared with 94.9 million as of Jan. 2. Analysts polled by FactSet were expecting 109.3 million subscribers.

In March, the streaming service passed the 100 million-subscriber mark after 16 months of operation, cementing its status as the most successful streaming entrant since Netflix Inc. defined the field years ago.

The company's parks, experiences and products business -- which includes its storied Disney World and Disneyland resorts -- saw a 44% drop in revenue compared with a year earlier. That division reported an operating loss of $406 million.

Overall, Disney's total revenue fell 13% from the comparable 2020 period to $15.61 billion. According to FactSet, analysts were expecting $15.86 billion.

Disney logged $901 million in net income, or earnings of 49 cents a share. A year earlier, the company's earnings were $460 million, or 25 cents a share. The company's tax expenses a year ago were higher, which hurt its year-earlier results, and the company also logged $305 million in net other income for the recent three-month period.

Adjusted earnings were 79 cents a share, while analysts were expecting 26 cents a share according to FactSet.

Shares fell 4.5% in after-hours trading.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

05-13-21 1644ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.13% 34955.06 Delayed Quote.14.14%
NETFLIX, INC. 0.10% 517.5859 Delayed Quote.-4.28%
WALT DISNEY COMPANY (THE) 0.06% 176.12 Delayed Quote.-2.85%
All news about WALT DISNEY COMPANY (THE)
06:21aEUROPEAN MIDDAY BRIEFING : Stocks Rise to Start -2-
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More news
Financials (USD)
Sales 2021 67 618 M - -
Net income 2021 2 368 M - -
Net Debt 2021 40 612 M - -
P/E ratio 2021 134x
Yield 2021 0,18%
Capitalization 320 B 320 B -
EV / Sales 2021 5,33x
EV / Sales 2022 4,18x
Nbr of Employees 170 000
Free-Float 98,8%
Chart WALT DISNEY COMPANY (THE)
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Walt Disney Company (The) Technical Analysis Chart | DIS | US2546871060 | MarketScreener
Technical analysis trends WALT DISNEY COMPANY (THE)
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 176,02 $
Average target price 206,01 $
Spread / Average Target 17,0%
EPS Revisions
Managers and Directors
Robert A. Chapek Chief Executive Officer & Director
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
Robert A. Iger Executive Chairman
Diane Jurgens Chief Information Officer
Rebecca Campbell Chairman-International Operations
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