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Strong falls at Disney after mixed results: Expected subscribers do it



Disney (-4.20%) is experiencing strong falls in the 'after hours' of Wall Street, which collects the operations after hours, after going through the confessional and publishing mixed results. Those of Mickey Mouse have declared an earnings per share (EPS) of 0.72 dollars against the 0.27 expected. However, revenues have disappointed and have fallen below the estimated 15.6 billion compared to the estimated 15,900.

However, what the market is liking the least and what is punishing it the most is the number of subscribers on Disney +, one of its youngest products. The streaming channel is around 103.6 million users and therefore they have not been able to reach the 109 million expected by the market.

One more quarter, and as usual since the pandemic began, the amusement park sector has been the most damaged by the impact of Covid-19. This segment of activity has seen its income reduced by 44%, to 3,200 million euros, largely because many of the amusement parks have been closed for months.

Despite the bad year that the Walt Disney company has been in, they are optimistic for the short-term future. "We are pleased to see more encouraging signs of recovery in our businesses and we remain focused on increasing our operations while driving the long-term growth of the Company, ”explains Bob Chapek, CEO of the company.

"This is clearly reflected in the reopening of our theme parks and resorts, increased production at our studios, continued success of our broadcast services, and expansion of our unparalleled portfolio of multi-year sports rights agreements for ESPN and ESPN +, "continues the executive.

Specifically, it refers to the two amusement parks found in California. Both complex they reopened on April 30, so the income they have generated to date is not yet posted to their quarterly accounts. In fact, Disneyland Paris is the only one that remains closed.

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