{"id":249316,"date":"2021-05-14T01:34:05","date_gmt":"2021-05-13T22:34:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/disney-revenue-falls-short-as-disney-subscriber-growth-slows\/"},"modified":"2021-05-14T01:34:05","modified_gmt":"2021-05-13T22:34:05","slug":"disney-revenue-falls-short-as-disney-subscriber-growth-slows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/disney-revenue-falls-short-as-disney-subscriber-growth-slows\/","title":{"rendered":"#Disney revenue falls short as Disney+ subscriber growth slows"},"content":{"rendered":"

“#Disney revenue falls short as Disney+ subscriber growth slows<\/strong>”<\/p>\n

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Disney\u2019s revenue fell short of Wall Street\u2019s expectations last quarter as subscribers to its Disney+ streaming service slowed \u2014 sending the stock down 4 percent in late trading. <\/p>\n

In a double-whammy hit to investors, the Mouse House said revenue fell 13 percent in its fiscal second quarter to $15.61 billion as its theme<\/a> parks continued to get slammed by the pandemic. Wall Street had been expecting sales of of $15.87 billion.<\/p>\n

Disney also reported weaker-than-expected subscriber growth across its all-important streaming services as pandemic-weary consumers began venturing outside again.<\/p>\n

At the end of the quarter ending on April 3, Disney+ racked up 103 million paid subscribers, 7 million less than analysts predicted. <\/p>\n

Until now, the company had been beating expectations for Disney+, which launched in November 2019, thanks to exclusive shows and stuck-at-home consumers. In addition to popular series<\/a> like \u201cWandavision\u201d and \u201cThe Mandalorian,\u201d Disney+ has also offered coveted new movies releases like \u201cRaya and the Last Dragon\u201d and \u201cSoul.\u201d <\/p>\n

\"The
The Disney+ logo is seen on the backdrop for the World Premiere of \u201cThe Mandalorian\u201d at El Capitan theatre in Hollywood.<\/figcaption>
AFP via Getty Images<\/span><\/figcaption><\/figure>\n

Netflix was also recently hit by a slowdown in new subscriber growth. <\/p>\n

Net income from continuing operations rose to $912 million, or 50 cents a share from $468 million, or 26 cents a share in the year-ago period. Adjusted earnings per share totaled 79 cents \u2014 besting analysts\u2019 expectations of 27 a share. <\/p>\n

Despite major progress made toward reopening the economy, Disney\u2019s theme parks were either closed or operating at reduced capacity during the quarter. Its cruise lines were also suspended. As a result, that unit\u2019s revenue shrank 44 percent to $3.17 billion from year-ago revenue of $5.66 billion. <\/p>\n

Disney chief executive officer Bob Chapek, while acknowledging the hit, said that business overall is on the mend. <\/p>\n

\"Disney
Disney chief executive Bob Chapek speaks during a ceremony at Hong Kong Disneyland in 2015. Disney\u2019s 2021 second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks. <\/figcaption>
AP<\/span><\/figcaption><\/figure>\n

\u201cWe\u2019re pleased to see more encouraging signs of recovery across our businesses, and we remain focused on ramping up our operations while also fueling long-term growth for the company,\u201d said Chapek, who credited a reopening of theme parks and increased movie and TV production in Hollywood.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Disney revenue falls short as Disney+ subscriber growth slows” Disney\u2019s revenue fell short of Wall Street\u2019s expectations last quarter as subscribers to its Disney+ streaming service slowed \u2014 sending the stock down 4 percent in late trading. In a double-whammy hit to investors, the Mouse House said revenue fell 13 percent in its fiscal second…<\/p>\n","protected":false},"author":1,"featured_media":249317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/Disney_parks.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[105606,87361,70237,1648,1569,14860,1372],"class_list":["post-249316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-13-21","tag-bob-chapek","tag-corporate-earnings","tag-disney-world","tag-disney","tag-disneyland","tag-streaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=249316"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/249317"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=249316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=249316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=249316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}