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1/ $DIS 2020 Q3 earnings are out:
Revenue $11.8B,
42% YOY
Diluted EPS $0.08, 94% YOY
FCF $454M (actually up from -$3B YOY)
CEO Bob Chapek: "Global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions..."
Revenue $11.8B,
42% YOYDiluted EPS $0.08,
94% YOYFCF $454M (actually up from -$3B YOY)
CEO Bob Chapek: "Global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions..."
2/ $DIS Parks, Experiences, and Products segment:
Revenue $1B,85%
Operating income ($2B)
that's negative $2B
Impact of COVID-19 felt most significantly in this segment, estimated hit to segment's operating income estimated to be $3.5B.
Revenue $1B,
85%Operating income ($2B)
that's negative $2BImpact of COVID-19 felt most significantly in this segment, estimated hit to segment's operating income estimated to be $3.5B.
3/ $DIS Media Networks segment:
Cable networks rev $4.03B,10%
Cable op income $2.5B,
50%
Broadcast rev $2.5B,12%
Broadcast op income $477M,55%
The increase in op income was due to lower programming costs, namely production shutdowns on ABC, no fees to NBA/MLB
Cable networks rev $4.03B,
10%Cable op income $2.5B,
50%Broadcast rev $2.5B,
12%Broadcast op income $477M,
55%The increase in op income was due to lower programming costs, namely production shutdowns on ABC, no fees to NBA/MLB
4/ $DIS Studio Entertainment segment:
Revenue $1.7B,55%
Op income $668M,16%
Theaters were shut down and no big releases negatively impacted sales (obviously)
TV/SVOD rev was up from sales of content to Disney+
Revenue $1.7B,
55%Op income $668M,
16%Theaters were shut down and no big releases negatively impacted sales (obviously)
TV/SVOD rev was up from sales of content to Disney+
5/ $DIS Direct-to-consumer & Int'l segment
Revenue $4.0B,2%
Op income ($706M)
The big news is that Disney+ had 57.5M subs at end of quarter, ESPN+ 8.5M subs, total Hulu 35.5M subs
Revenue $4.0B,
2%Op income ($706M)
The big news is that Disney+ had 57.5M subs at end of quarter, ESPN+ 8.5M subs, total Hulu 35.5M subs
