Mickey Mouse is about to show his hand for the third quarter of this financial year. Will speculation lifting the stock be accurate or will there be a miss?
It’s a big day for The Walt Disney Company as CEO Bob Chapek and CFO Christine McCarthy announce the earnings reports for the company’s Q3. During this time, That Park Place will update this article with the latest breaking news out of the report. Simultaneously, YouTube channel Valliant Renegade will feature WDW Pro for analysis of the outcomes. There is plenty of intrigue over things like the financial results for divisions over movies and streaming. Many suspect that Disney Parks will have impressive revenue outcomes even as the Chinese parks were closed for nearly the entire duration of the quarter.
Make sure to check back around 4PM EST for updates:
https://www.youtube.com/watch?v=vSCd4gBDaJg&feature=youtu.be
Highlights:
Disney+ to offer ad-based tier for $7.99. The ad tier is available December 8th.
Domestic Disney+ growth was essentially stagnant: 44.4 million subscribers last quarter, 44.5 million for this quarter.
Genie+ purchases are about 50% of all guests at Disney World.
Disney Parks revenues were phenomenal.
Disney reconfirmed their interest in sports betting.
Despite domestic stagnation for Disney+ subscriber growth, international growth propelled the company over the 150 million subscriber number.
The company divided its projections into two categories — one using Hotstar out of India, the other not.
There will be no Disney+ ads on children’s accounts.
For all the latest news that should be fun, keep reading That Park Place. As always, drop a comment down below and let us know your thoughts.