Disney presents good quarterly results and benefits especially from the reopening of its theme parks and its streaming service Disney +.
The US entertainment giant Walt Disney has recovered after heavy business losses in the Corona crisis.
In the three months to the beginning of July, sales grew compared to the same period last year by 45 percent to 17.0 billion dollars (14.5 billion euros), as the company announced after the US market closed. The bottom line was that Disney made a profit of $ 923 million. The group thus significantly exceeded the analysts’ expectations. A year ago, high corona special costs brought the quarterly balance sheet into the red with an enormous 4.7 billion dollars.
Disney now mainly benefited from the reopening of amusement parks and holiday complexes that had to be closed due to the Corona crisis. The division increased sales by more than 300 percent to $ 4.3 billion. The media business, which also includes booming streaming services such as Disney +, grew by 18 percent and contributed a total of $ 12.7 billion to the group’s revenues. Disney + ended the quarter with 116 million customers, adding around 12 million in the three months. After the hours of trading, the share initially rose by a good five percent.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
