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$Disney (DIS.US)$The Walt Disney Company operates in four bu...
$Disney (DIS.US)$The Walt Disney Company operates in four business segments, including Media Networks; Parks, Experiences and Products; Studio Entertainment; and Direct-to-Consumer (DTC) and International business.
Disney is expected to announce its fiscal Q4 results on November 10.
In fiscal Q3, the company’s revenues stood at $17 billion, up 45% year-over-year and beating the consensus estimate of $16.81 billion. The growth in revenues was primarily driven by the growth witnessed in the revenues of two key segments — Disney Media and Entertainment Distribution, and Disney Parks, Experiences, and Products.
Adjusted diluted earnings came in at $0.80 per share, up over 100% from $0.08 last year. Moreover, it topped the consensus estimate of $0.57.
The company’s direct-to-consumer services (DTC) performed very well in fiscal Q3, with subscriptions of 174 million across Disney+, ESPN+, and Hulu.
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