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Jul 03, 2021

Disney Q3 2021 Earnings Report

Disney's Q3 2021 earnings showcased a strong recovery and growth in its direct-to-consumer business.

Key Takeaways

The Walt Disney Company reported a strong third quarter for fiscal year 2021, with significant growth in revenues and earnings per share (EPS). Diluted EPS from continuing operations was $0.50, compared to a loss of $2.61 in the prior-year quarter, and diluted EPS excluding certain items increased to $0.80 from $0.08 in the prior-year quarter. The company's direct-to-consumer business performed well, reaching nearly 174 million subscriptions across Disney+, ESPN+, and Hulu.

Diluted earnings per share (EPS) from continuing operations increased to $0.50, compared to a loss of $2.61 in the prior-year quarter.

Diluted EPS excluding certain items increased to $0.80 from $0.08 in the prior-year quarter.

Total subscriptions across Disney+, ESPN+, and Hulu reached nearly 174 million.

Disney Parks, Experiences and Products segment showed significant revenue growth due to the reopening of parks and resorts.

Total Revenue
$17B
Previous year: $11.8B
+44.5%
EPS
$0.8
Previous year: $0.08
+900.0%
Disney+ Paid ARMPU
$4.16
Previous year: $4.62
-10.0%
ESPN+ Paid Subscribers
14.9
Previous year: 8.5M
-100.0%
Hulu Paid Subscribers
42.8
Previous year: 35.5M
-100.0%
Gross Profit
$5.79B
Previous year: $3.88B
+49.1%
Cash and Equivalents
$16.1B
Previous year: $23.1B
-30.5%
Free Cash Flow
$528M
Previous year: $454M
+16.3%
Total Assets
$202B
Previous year: $208B
-2.6%

Disney

Disney

Disney Revenue by Geographic Location

Forward Guidance

The document does not contain specific forward guidance. Therefore, a summary cannot be provided.

Revenue & Expenses

Visualization of income flow from segment revenue to net income