Disney (DIS) Misses Q2 EPS by 28c, Revenue Beats, Disney+ Has 33.5M Subs.

May 5, 2020 4:07 PM EDT
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Price: $173.50 --0%

Revenue Growth %: -13.3%

Financial Fact:
Net income: 1.89B

Today's EPS Names:
PFGC, PDCO, KBH, More
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Disney (NYSE: DIS) reported Q2 EPS of $0.60, $0.28 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $18.01 billion versus the consensus estimate of $17.81 billion.

“While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses, we are confident in our ability to withstand this disruption and emerge from it in a strong position,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “Disney has repeatedly shown that it is exceptionally resilient, bolstered by the quality of our storytelling and the strong affinity consumers have for our brands, which is evident in the extraordinary response to Disney+ since its launch last November.”

The following table presents the number of paid subscribers(1) (in millions) for Disney+, ESPN+ and Hulu as of:

March 28,
2020

March 30,
2019

Change

Disney+

33.5

nm

ESPN+

7.9

2.2

>100

%

Hulu

SVOD Only

28.8

23.2

24

%

Live TV + SVOD

3.3

2.0

65

%

Total Hulu

32.1

25.2

27

%

For earnings history and earnings-related data on Disney (DIS) click here.



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