<img class="aligncenter" src="wp-content/uploads/2021/08/disney-opublikoval-finansovyj-otchet-za-tretij-kvartal-2021-goda-f7de708.jpg" alt="Disney опубликовал финансовый отчет за третий квартал 2021 года" />
Disney Media Company (NYSE: DIS) published financial report for the third quarter of 2021:
- revenue increased by 45%, up to 17 billion dollars;
- operating profit increased by 117%, up to 2.4 billion;
- net profit was 0.9 billion compared to a loss of 4.7 billion a year earlier.
“We are pleased with the development of the company in the context of the ongoing pandemic. We introduce visitors to new entertainment in our parks and hotels. Total on Disney+, ESPN+ and Hulu had 174 million subscribers as of the end of the quarter, — said the head of the company Bob Chapek.
Media and Entertainment. In the Media and Entertainment Distribution segment, revenue increased by 18%, up to $12.7 billion, and operating profit fell by 32%, up to 2 billion.
TV content sales increased by 16%, up to 7 billion, but due to higher production and advertising costs, operating profit fell by 33%, up to 2.2 billion.
Sales of digital content grew by 57%, up to 4.3 billion, operating loss doubled, up to 0.3 billion. The company reduced the loss primarily due to the service Hulu. Here the number of subscribers has grown by 21%, subscription price - 7%. But the loss from Disney+ has grown. The number of subscribers has doubled, from 57.5 to 116 million, but so did the cost of production and advertising. Average monthly revenue per subscriber fell by 10%, with 4,62 to 4,16 $: the company launched a service in India, Malaysia, Indonesia and Thailand, where the subscription price is much lower.
Sales of licensed content fell by 23%, up to 1.7 billion, operating profit — on 58%, up to 0.1 billion.
Parks & Retail. In the Parks segment, Experiences and Products revenue increased by 308%, up to 4.3 billion, and an operating loss of 1.9 billion was replaced by a profit of 0.4 billion - for the first time since the beginning of the pandemic.
All Disney parks and resorts reopened during the quarter. Here revenue increased tenfold, up to 3.2 billion, and the operating loss was proportionally reduced to 0.2 billion.
Souvenir sales increased by 57%, up to 1.2 billion, and operating profit by 292%, up to 0.6 billion. Disney branded stores were closed a year ago due to quarantine restrictions, and now they start working again.
Promotions. After the report, Disney paper rose by 6%, to 190 $. In total, since the beginning of the year, excluding the latest growth, the company's shares have added 1%. Broad Market Index S&P 500 increased by 20%.
<p><img class="aligncenter" src="wp-content/uploads/2021/08/disney-opublikoval-finansovyj-otchet-za-tretij-kvartal-2021-goda-e41f788.png" alt="Disney опубликовал финансовый отчет за третий квартал 2021 года" /></p>
<p><img class="aligncenter" src="wp-content/uploads/2021/08/disney-opublikoval-finansovyj-otchet-za-tretij-kvartal-2021-goda-024375b.png" alt="Disney опубликовал финансовый отчет за третий квартал 2021 года" /></p>
<p><img class="aligncenter" src="wp-content/uploads/2021/08/disney-opublikoval-finansovyj-otchet-za-tretij-kvartal-2021-goda-24ccf6a.png" alt="Disney опубликовал финансовый отчет за третий квартал 2021 года" /></p>
