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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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