Loading...
•
Jan 02, 2021
Disney Q1 2021 Earnings Report
Disney's first quarter earnings for fiscal year 2021 were released.
Key Takeaways
The Walt Disney Company reported a decrease in diluted EPS from continuing operations by 98% to $0.02, and a decrease in revenues by 22% to $16.25 billion, compared to the prior-year quarter. The results were significantly impacted by COVID-19, especially in the Disney Parks, Experiences and Products segment.
Total paid subscriptions across streaming services reached more than 146 million.
COVID-19 had an estimated detriment of approximately $2.6 billion at the Disney Parks, Experiences and Products segment.
Direct-to-Consumer revenues increased 73% to $3.5 billion.
Disney+ reached 94.9 million paid subscribers.
Disney
Disney
Disney Revenue by Segment
Revenue by Segment
Entertainment Revenue
CapyFin.comExperiences Revenue
CapyFin.com Forward Guidance
The company is focused on transforming the company to fuel growth and enhance shareholder value.
Positive Outlook
- Robust pipeline of exceptional, high-quality content
- Upcoming launch of new Star-branded international general entertainment offering
- Strategic actions to transform the Company
- Continued growth in DTC business
- Reaching more than 146 million total paid subscriptions across streaming services
Challenges Ahead
- COVID-19 is expected to continue to impact the company's businesses.
- Theme parks were closed or operating at significantly reduced capacity
- Cruise ship sailings and guided tours were suspended.
- Theatrical releases have been delayed, shortened, or canceled.
- Stage play performances have been suspended.
Revenue & Expenses
Visualization of income flow from segment revenue to net income