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Walt Disney (DIS) Q2 2021 Earnings Call Transcript

Walt Disney (DIS) Q2 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Walt Disney (NYSE: DIS) Good day, and thank you for standing by. Welcome to the Walt Disney Company s second-quarter 2021 financial results conference call. [Operator instructions] Please be advised that today s conference is being recorded. I would now like to hand the conference over to your speaker today, Lowell Singer, senior vice president of investor relations. Please go ahead. Senior Vice President of Investor Relations Good afternoon, and welcome to The Walt Disney Company s second-quarter 2021 earnings call. Our press release was issued about 25 minutes ago and is available on our website at www.disney.com/investors. Today s call is also being webcast, and a transcript will be available on our website. We are once again hosting today s call remotely.

Why Multiple Reports Conclude 2020 was The Year Of Streaming

FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Jan. 13, 2021 /PRNewswire/ Very quickly, last February 2020, after the term social distancing acquired worldwide household recognition, binging and streaming also became every day terms. By March alone, the numbers indicated that we quickly experienced a 30.7% increase in streaming sessions, one month in to the pandemic. It has continued to rise, month by month since then. The global pandemic has permanently transformed both streaming behavior and social media. A report by Apptopia and Braze looked at all the major streaming services and apps and came up with an intriguing nugget. Of course all the usual suspects had increased usage and revenues, but YouTube stood out… for a specific reason. In their report they say that YouTube Kids is the most used streaming app, even more than You Tube itself. The report said: We Can t Get Enough YouTube . While new competitors can carve out success, the financial side of the

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