{"id":483278,"date":"2022-08-10T23:17:19","date_gmt":"2022-08-10T20:17:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/disney-theme-parks-lift-q3-earnings-amid-streaming-growth\/"},"modified":"2022-08-10T23:17:19","modified_gmt":"2022-08-10T20:17:19","slug":"disney-theme-parks-lift-q3-earnings-amid-streaming-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/disney-theme-parks-lift-q3-earnings-amid-streaming-growth\/","title":{"rendered":"#Disney theme parks lift Q3 earnings amid streaming growth"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a0ec24a303\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a0ec24a303\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/disney-theme-parks-lift-q3-earnings-amid-streaming-growth\/#%E2%80%9CDisney_theme_parks_lift_Q3_earnings_amid_streaming_growth%E2%80%9D\" >&#8220;Disney theme parks lift Q3 earnings amid streaming growth&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDisney_theme_parks_lift_Q3_earnings_amid_streaming_growth%E2%80%9D\"><\/span>&#8220;Disney theme parks lift Q3 earnings amid streaming growth&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Disney announced it will jack up the price of its popular streaming services \u2014 including Disney+ and Hulu \u2014 despite reporting better-than-expected third-quarter earnings Wednesday.<\/p>\n<p>The Burbank, Calif.-based company posted earnings per share of $1.09 on revenue of $21.5 billion \u2014 aided by its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> parks and continued growth of Disney+. Wall Street expected adjusted EPS of 96 cents on revenue of $21 billion.<\/p>\n<p>The Mouse House said that Disney+ \u2014 which boasts flicks like \u201cLightyear,\u201d \u201cEncanto\u201d and \u201cTurning Red\u201d \u2014 signed up 14.4 million new subscribers in the quarter for a total of 152.1 million.<\/p>\n<p>Analysts expected 10 million new sign-ups.\u00a0<\/p>\n<p>The company said revenue at theme parks, which include Disney World and Disneyland, reached $7.4 billion, marking an increase of 72%. Analysts predicted $6.65 billion in revenue from the division.\u00a0<\/p>\n<p>Shares of Disney surged more than 6% aftermarket\u00a0on the results.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/Bob-Chapek-41.jpg?w=1024\" alt=\"Bob Chapek \" class=\"wp-image-23404535\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/Bob-Chapek-41.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/Bob-Chapek-41.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/Bob-Chapek-41.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Disney CEO Bob Chapek has been under pressure to grow Disney+ subsribers and reverse pandemic-era losses.<\/figcaption><figcaption><span class=\"credit\">Chris Jackson<\/span><\/figcaption><\/figure>\n<p>\u201cWe had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services,\u201d Disney CEO Bob Chapek said. \u201cWe continue to transform entertainment as we near our second century, with compelling new storytelling across our many platforms and unique immersive physical experiences that exceed guest expectations, all of which are reflected in our strong operating results this quarter.\u201d<\/p>\n<p>Chapek also touted the growth across Disney+, Hulu and ESPN+, which now have a total of 221 million subscribers.<\/p>\n<p>However, during the quarter, streaming continued to lose money as Disney spent aggressively on content to keep pace with rivals like Netflix, Amazon and HBO Max. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-24-1.jpg?w=1024\" alt=\"Disney + logo\" class=\"wp-image-23411871\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-24-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-24-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-24-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Disney\u2019s streaming division\u2019s losses exceeded $1 billion. Streaming revenue, however, climbed 19% to $5.1 billion.<\/figcaption><figcaption><span class=\"credit\">SOPA Images\/LightRocket via Gett<\/span><\/figcaption><\/figure>\n<p>Disney\u2019s streaming division\u2019s losses exceeded $1 billion compared with a year-ago loss of $300 million. Streaming revenue, however, climbed 19% to $5.1 billion.<\/p>\n<p>Chapek said that a new Disney+ with ads, which will now be dubbed Disney+ Basic, will launch Dec. 8 at a cost $7.99 a month.<\/p>\n<p>The price of Disney+\u2019s ad-free service will be bumped 38% to $10.99 a month and be known as Disney+ Premium when the basic version launches.<\/p>\n<p>Meanwhile, Hulu will also get a price hike. As of Oct. 10, Hulu with ads will go up a buck to $7.99 a month while the ad-free version will go from $12.99 to $14.99 a month.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-25.jpg?w=1024\" alt=\"Walt Disney World\" class=\"wp-image-23411825\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-25.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-25.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-25.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shares of Disney surged more than 6% aftermarket\u00a0on the results.<\/figcaption><figcaption><span class=\"credit\">Anadolu Agency via Getty Images<\/span><\/figcaption><\/figure>\n<p>The Disney Bundle, which includes Hulu with ads, Disney+ with no ads and ESPN+, will go up a dollar to $14.99 a month. The premium version of the bundle with no ads across any service, will remain at $19.99 a month.<\/p>\n<p>As previously announced, the price of ESPN+ will increase by a whopping 43% on Aug. 23 to $9.99 a month.<\/p>\n<p>\u201cWe will be providing greater consumer choice at a variety of price points to cater to the diverse needs of our viewers and appeal to an even broader audience,\u201d said Kareem Daniel, the chairman of Disney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> &amp; Entertainment Distribution, in a statement.<\/p>\n<p>Disney\u2019s growth in streaming numbers was in stark contrast to rival Netflix, which recently experienced a loss of 1 million subscribers in its most recent quarter. It still leads the pack with roughly 221 million sign-ups.<\/p>\n<p>Disney said Hulu has 46.2 million subscribers, marking an 8% jump from a year earlier. Roughly 23 million people paid for ESPN+ access, up 53%. Disney+ banked 152.1 million subscribers, a 31% increase.<\/p>\n<p>Chapek did lower the forecast for Disney+ subscriptions to 215 million to 245 million  from his initial guidance of hitting 230 million to 260 million sign ups by the end of fiscal 2024. The company lowered its guidance after failing to renew Indian Premier League rights for its Disney+ Hotstar streaming service.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/08\/10\/disney-theme-parks-lift-q3-earnings-amid-streaming-growth\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Disney theme parks lift Q3 earnings amid streaming growth&#8221; Disney announced it will jack up the price of its popular streaming services \u2014 including Disney+ and Hulu \u2014 despite reporting better-than-expected third-quarter earnings Wednesday. The Burbank, Calif.-based company posted earnings per share of $1.09 on revenue of $21.5 billion \u2014 aided by its theme parks&#8230;<\/p>\n","protected":false},"author":1,"featured_media":483279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/disney-26.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[132169,87361,70237,1569,1372,1646],"class_list":["post-483278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-10-22","tag-bob-chapek","tag-corporate-earnings","tag-disney","tag-streaming","tag-theme-parks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483278","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=483278"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/483279"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=483278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=483278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=483278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}