Disney+ subscriptions climb as earnings beat expectations
source link: https://techxplore.com/news/2021-08-disney-subscriptions-climb.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
August 12, 2021
Disney+ subscriptions climb as earnings beat expectations
Credit: CC0 Public Domain
US entertainment giant Disney said Thursday subscriptions to its streaming service hit 116 million as it beat earnings expectations in the third quarter.
Disney+ subscribers more than doubled from the same period a year earlier, while its Hulu and ESPN offerings also attracted more members, the company said.
Disney reported a net income of $923 million in the quarter ending July 3, compared with a loss of about $5 million during the same period last year when the pandemic closed its theme parks and other businesses.
"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," chief executive Bob Chapek said in the earnings release.
© 2021 AFP
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK