Disney squeaks by with profitable quarter, boasts more than 100 million streaming subscribers
Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019.
Patrick T. Fallon | Bloomberg | Getty Images
Disney reported earnings for its fiscal third quarter of 2020 after the bell on Tuesday as it continues to feel the impact of the coronavirus pandemic on sectors like its parks business.
Disney shares were down about 2% on the report.
Here are the key numbers:
- Earnings per share: 8 cents vs. loss of 64 cents expected, according to Refinitiv
- Revenue: $11.78 billion, vs $12.37 billion expected, according to Refinitiv
Disney said it now has 100 million paid subscribers across its streaming services, which include Disney+, Hulu and ESPN+.
This story is developing. Check back for updates.
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