Disney Q1 2020 Earnings Report

Disney's first quarter earnings for fiscal year 2020 were reported, revealing growth in revenue and challenges in some segments.

Key Takeaways

The Walt Disney Company reported a strong first quarter, driven by the launch of Disney+ and overall revenue growth. Diluted EPS decreased, but total revenues increased by 36% compared to the prior year. The company's direct-to-consumer services are positioned for continued growth.

Disney+ launched and exceeded expectations with 26.5 million subscribers.

Total revenues increased by 36% to $20.86 billion.

Diluted EPS decreased by 37% to $1.17.

Direct-to-Consumer & International segment experienced revenue growth but also increased operating losses due to Disney+ launch costs and Hulu consolidation.

Total Revenue

$20.9B

Previous year: $15.3B