Company News: Walt Disney (DIS) quarterly earnings beat analysts’ expectations

Market news

14 May 2021

Company News: Walt Disney (DIS) quarterly earnings beat analysts’ expectations

Walt Disney (DIS) reported Q2 FY 2021 earnings of $0.79 per share (versus $0.60 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.27 per share.

The company’s quarterly revenues amounted to $15.613 bln (-13.4% y/y), missing analysts’ consensus estimate of $15.986 bln.

The company also reported Disney+ added 8.7 mln new subscribers, to reach 103.6 mln at the end of Q2 FY 2021. Analyst consensus had been for about 14.4 mln new Disney+ subscribers, to hit about 109 mln worldwide at the end of March.

DIS fell to $171.49 (-3.84%) in pre-market trading.

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