Walt Disney (DIS) Tops Q3 EPS by 23c, Revenues Beat; Ended Qtr with ~174M Digital Subs

Walt Disney (NYSE: DIS) reported Q3 EPS of $0.80, $0.23 better than the analyst estimate of $0.57. Revenue for the quarter came in at $17.02 billion versus the consensus estimate of $16.81 billion.

“We ended the third quarter in a strong position, and are pleased with the Company’s trajectory as we grow our businesses amidst the ongoing challenges of the pandemic,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “We continue to introduce exciting new experiences at our parks and resorts worldwide, along with new guest-centric services, and our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms.”

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