$Disney (DIS.US)$ reported first-quarter financial results after market close Wednesday. Here are the key highlights.
What Happened: Disney reported first-quarter revenue of $23.51 billion, an increase of 8% year-over-year. The revenue beat a Street estimate of $23.37 billion, according to Benzinga Pro.
The company reported earnings per share of 99 cents in the quarter, beating a Street estimate of 78 cents per share.
Disney reported revenue of $14.78 billion for its Media and Entertainment segment, up 1% year-over-year. The company saw its Parks, Experiences & Products segment had revenue of $8.74 billion, up 21% year-over-year.
In the media segment, Linear television revenue was $7.29 billion, down 5% year-over-year. The company's direct-to-consumer revenue was $5.31 billion in the first quarter, up 13% year-over-year.
The company reported the following subscribers for its streaming platforms at the end of the first quarter - the fourth quarter totals are in parentheses.
Disney+ Domestic: 46.6 million (46.4 million)
Disney+ International excluding Hotstar: 57.7 million (56.5 million)
Disney+ Core: 104.3 million (102.9 million)
Disney+ Hotstar: 57.5 million (61.3 million)
Total Disney+: 161.8 million (164.2 million)
The company saw core Disney+ subscribers grow, but overall Disney+ subscribers were down 1% on a quarter-over-quarter basis due to the Hotsar subscriptions internationally.
The company reported average revenue per Disney+ subscriber of $3.93, up from $3.91 in the fourth quarter. Domestic Disney+ ARPU fell from $6.10 in the fourth quarter to 5.95 in the first quarter.
Disney reported ESPN+ subscribers of 24.9 million in the first quarter, up from 24.3 million in the fourth quarter.
Hulu subscribers were 48 million in the first quarter, up from 47.2 million in the fourth quarter.
The average revenue per subscriber was up for ESPN, Hulu SVOD and Hulu with Live TV.
For the Parks & Experiences segment, Disney saw domestic and international parks each having revenue growth of 27% year-over-year in the first quarter.
The company said it had higher volumes of guests and increased guest spending in the quarter.
"After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises," Iger said. "We believe the work we are doing to reshare our company around creativity, while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders."
DIS Price Action: Disney shares are up 8.8% to $121.65 in after-hours Wednesday.
$迪士尼 (DIS.US)$ 周三收盘后公布了第一季度财务业绩。以下是主要亮点。
发生了什么： 迪士尼公布的第一季度收入为235.1亿美元，同比增长8％。根据Benzinga Pro的数据，收入超过了华尔街估计的233.7亿美元。
该公司公布的本季度每股收益为99美分，超过了华尔街估计的每股78美分。
迪士尼报告称，其媒体和娱乐板块的收入为147.8亿美元，同比增长1％。该公司的公园、体验和产品板块收入为87.4亿美元，同比增长21％。
在媒体领域，线性电视收入为72.9亿美元，同比下降5％。该公司第一季度的直接面向消费者的收入为53.1亿美元，同比增长13％。
该公司在第一季度末报告了其流媒体平台的以下订阅者——括号内为第四季度的总订阅者。
Disney+ 国内版：4,660 万（4,640 万）
不包括Hotstar的迪士尼+国际：5,770万（5,650万）
Disney+ Core：1.043 亿（1.029 亿）
Disney+ Hotstar：5,750 万（6,130 万）
迪士尼+总数：1.618 亿（1.642 亿）
该公司的迪士尼+核心订阅人数有所增长，但由于国际上订阅了Hotsar，迪士尼+的总订阅人数同比下降了1％。
该公司报告称，每位迪士尼+订阅者的平均收入为3.93美元，高于第四季度的3.91美元。国内迪士尼+每股收益从第四季度的6.10美元下降到第一季度的5.95美元。
迪士尼报告称，第一季度的ESPN+订阅人数为2490万，高于第四季度的2430万。
第一季度Hulu的订阅人数为4,800万，高于第四季度的4,720万。
ESPN、Hulu SVOD和Hulu的直播电视每位订阅者的平均收入有所增加。
在公园与体验板块方面，迪士尼看到国内和国际公园在第一季度的收入均同比增长27％。
该公司表示，本季度的客人数量有所增加，客人支出也有所增加。
艾格说：“在经历了稳健的第一季度之后，我们开始了重大转型，这将最大限度地发挥我们世界一流的创意团队以及我们无与伦比的品牌和特许经营的潜力。”“我们相信，我们为围绕创造力重新分享公司所做的工作，同时减少开支，将为我们的流媒体业务带来持续增长和盈利能力，使我们能够更好地抵御未来的颠覆和全球经济挑战，为股东创造价值。”
DIS 价格走势： 周三盘后，迪士尼股价上涨8.8％，至121.65美元。
