After the US stock market this Thursday EST, Disney announced that as of the second fiscal quarter of the 2021 fiscal year on April 3, 2021 in the Gregorian calendar, operating income for the quarter fell 13% year on year to 15.61 billion US dollars, lower than market expectations of 15.85 billion US dollars; adjusted net profit of 912 million US dollars, up 95% year on year; adjusted EPS was 0.79 US dollars, down 32% year on year.
(Note: Listed companies' fiscal years are different from natural years. Disney's current earnings report is for the second fiscal quarter of fiscal year 2021.)
At the end of the season, the streaming platform “Disney+” had 103.6 million subscribers, which was lower than the market's forecast of 1110.3 million.
Since its launch in November 2019, Disney+ users have continued to grow month by month, but this year's monthly growth has slowed markedly. In December of last year, the number of users increased by about 13 million, January this year increased by 8 million compared to December last year, and by April, the monthly increase had declined to 4 million.
After the financial report was announced, Disney's stock price, which closed up about 0.3% on Thursday, dived after the market. At one point, it fell more than 4.6%. As of press release, it was temporarily down about 4%.
Editor/IRISW