The fourth quarter results announced by Disney on Wednesday were lower than expected, with the company’s share “paying” it in the post-conference transactions with losses of more than 4%.
More specifically, the company announced earnings per share of 37 cents and revenue of 18.53 billion dollars.
Analysts, according to Refinitiv, expected earnings per share of 51 cents and revenue of $ 18.79 billion.
Disappointing, however, was the data on new subscribers that the Disney + content streaming platform managed to attract, as it was announced that it added just 2.1 million subscribers in the fourth quarter of the year, reaching a total of 118.1 million subscribers.
Analysts were far more optimistic, as they expected the Disney + subscription base to increase by 9.4 million to 125.4 million subscribers.
The average monthly revenue per Disney + subscriber also fell, falling 9% year-on-year to $ 4.12. The company attributed the decrease to the highest combination of Disney + Hotstar subscribers compared to the quarter of the previous year.
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Source From: Capital
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