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My Plan for Disney Will Surprise You
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Realscreen » Archive » Disney revenues rise in Q3 as Disney+ hits 116 million subscribers
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| 14 May 2021
In what could be seen as a reflection of just how unexpectedly well the direct-to-consumer service has performance since launch, analysts are describing as slightly ‘disappointing’ the news that Disney+ has ‘only’ added 8.7 million customers over the course of the second quarter of the current financial year.
For the quarter ended 3 April 2021, Disney+ owner The Walt Disney company posted second quarter half-yearly revenues of $15.6 billion, down 13% compared with the end of Q2 2020. Revenues for the six-month period were $31.862 billion, tumbling 18% annually. Net income for the quarter though almost doubled over the course of the year to $912 million. This formed virtually all of the half yearly total of $941 million down 64%.
Disney Reports, and I m Certainly Not Done Buying the Shares I see it as okay to start - if one has not already - building a long position in DIS. Stocks quotes in this article: DIS, NFLX
I get the story two ways. I read what others are writing about the quarter that the Walt Disney Company (DIS) reported on Thursday evening, and I look at the numbers for myself and read what was said last night by management. Not exactly two different stories, but not exactly the same impression either. Disney had a good quarter. That s my take. I bought some last night after hours. I expect that I will buy some more either today after this piece publishes or over the coming few days. I can see investors balking at the valuation. That s a valid argument. To think that this company is not executing well, or underperformed? That s just not understanding the business, the conditions under which that business has evolved, or how much the average c
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