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wrote a post01/04/2022 11:28

Not Such a Bad Year

$Disney(DIS.US)$ Judging by the subpar performance of DIS stock in 2021, you might be led to believe that Disney had a terrible year.

However, in a conference call, CEO Bob Chapek was quick to point out that Disney actually performed well, fiscally speaking.

As Chapek explained, Disney overcame the “many ongoing challenges” of the COVID-19 pandemic and ended the fourth fiscal quarter with adjusted earnings per share (EPS) of $0.37.

That’s a major improvement compared to the loss of $0.20 per share that Disney posted in the year-earlier quarter.

Moreover, Chapek cited his company’s total of 179 million subscriptions across Disney+, ESPN+, and Hulu. Clearly, Disney is becoming a streaming standout in the 2020s.

Additionally, as Chapek clarified, a significant event happened in late August of 2021: Disneyland Resort launched Magic Key, a new annual membership program. If COVID-19 concerns subside in the coming year, Magic Key could provide Disney with a significant revenue source.
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