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Tuesday, February 4, 2020

-=Walt Disney reported earnings on Tue 4 Feb 20 (a/h)

 Walt Disney beats by $0.09, reports revs in-line; Disney+ has 26.5 mln subs, which is ahead of estimates; Hulu subs +33% yr/yr
  • Reports Q1 (Dec) earnings of $1.53 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $1.44; revenues rose 36.3% year/year to $20.86 bln vs the $20.84 bln S&P Capital IQ Consensus.
  • Disney+ streaming service had 26.5 mln subscribers; ESPN+ had 6.6 mln subs; Hulu subs grow 33% yr/yr to 30.4 mln.
  • Cable Networks revenues for the quarter increased 20% to $4.8 billion and operating income increased 16% to $862 million. Higher operating income was due to the consolidation of TFCF businesses (primarily the FX and National Geographic networks), partially offset by a decrease at ESPN.

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