Disney slated to report second-quarter earnings after the bell

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A performer dressed as Mickey Mouse entertains company throughout the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021.

Bloomberg | Bloomberg | Getty Images

Disney is ready to report fiscal second-quarter earnings after the bell on Thursday.

Here are the key numbers:

  • Earnings per share: 27 cents anticipated in a Refinitiv survey of analysts
  • Revenue: $15.87 billion anticipated in the survey

Analysts will possible concentrate on the firm’s continued development in its direct-to-consumer section, which, to this point, has helped offset losses in different segments affected by the pandemic.

The firm stated it had greater than 146 million complete paid subscribers throughout its streaming companies as of the finish of the first quarter. Within that, Disney reported it had nearly 95 million paid subscribers to its Disney+ streaming service.

The firm up to date that determine in early March, saying the platform now has more than 100 million subscribers, a feat it achieved lower than 16 months after launching.

Disney’s heavy-hitting Marvel Studios launched its first unique TV collection, “Wandavision” in January and “The Falcon and the Winter Soldier” in late March, which might have helped entice subscribers.

The firm’s parks, experiences and merchandise section has continued to dip, as theme parks have been both closed or working at decreased capability, and its cruise ships and guided excursions have been suspended. Revenue shrank to $16.5 billion, or round 25% of the firm’s $65.four billion in complete income, in 2020.

Disney reopened its two California-based parks on April 30, so any income garnered over the previous few weeks is not going to be mirrored in the fiscal second-quarter outcomes. However, the parks’ reopening might boost expectations for the fiscal third quarter. As of Thursday, Disney’s Paris-based theme park is the solely location that has not reopened to the public.

In February, Disney’s Chief Financial Officer Christine McCarthy stated that for the parks which were open throughout the pandemic, the firm was ready to make “a internet incremental optimistic contribution” from the company who visited regardless of decreased capability ranges.

Content gross sales and licensing revenues have additionally been troubled this previous yr, with “Nomadland” being Disney’s solely theatrical launch in the U.S. over the quarter (it debuted concurrently on Hulu). “Raya and the Last Dragon,” Disney’s newest animated function, additionally debuted in some theaters internationally. It was made accessible on Disney+ Premier Access for $30.

Morgan Stanley analyst Benjamin Swinburne wrote in a note Tuesday that the firm’s 2022 content material slate might assist increase the inventory.

“Production delays and the shuttering of theaters for over a yr have possible dampened investor enthusiasm for film-driven upside to Disney. However … Disney’s movie slate is filled with franchise movies arguably compressed over a shorter than typical time frame,” the be aware stated.

Several Marvel titles are on the horizon, akin to “Black Widow,” “Eternals,” “Shang-Chi and the Ten Rings,” and “Spider-Man: No Way Home” in addition to “Cruella,” “Jungle Cruise,” “Free Guy,” “Encanto” and “West Side Story.”

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