Disney reported revenue of $22.33 billion compared to $22.51 billion expected. Its Disney Parks, Experiences, and Products arm narrowly beat the analyst’s predictions with $8.33 billion versus $8.25 billion estimated revenue, but Disney Media and Entertainment Distribution division fell short of 14.36 billion expected. Adjusted earnings per share came at $1.03 versus $0.99 expected.

Disney+ streaming services saw a 7.4% decline compared to the first quarter and now have 146.1 million total subscribers. The analysts expected fewer losses and estimated the streamer would finish Q2 with 154.8 million subscribers.

However, Disney managed to encourage investors by forecasting capital spending of $5 billion, which represents a dip of $1 billion compared to the $6 billion forecast in Q1. The company also announced its intention to start paying dividends again by the end of this year.

Disney’s shares closed at $87.49 on Wednesday, which represents a 1.66% year-to-date loss. The stock climbed as high as $91.98 per share in after-hours trading.

“Our results this quarter are reflective of what we’ve accomplished through the unprecedented transformation we’re undertaking at Disney to restructure the company, improve efficiencies, and restore creativity to the center of our business,” said CEO Bob Iger in a statement.

The post Disney Stock Climbs Amid Lower Capital Spending Forecast appeared first on theprimarymarket.com.

Disney’s business has been doing well all across the board with the Q2 revenue coming at $21.5 billion compared to an expected $21 billion. The company also reported adjusted earnings per share (EPS) of $1.09 versus the $0.96 estimated.

The parks, experience, consumer products segment, and Disney+ streaming service were among the biggest contributors to a successful quarter. The parks, experience, and consumer products unit raked up $7.39 billion in revenue, which is 740 million more than the estimated $6.65 billion. On the other hand, Disney+ added 14.4 million new subscribers in Q2 compared to the 10 million expected and made another big step in becoming the biggest streamer on the market.

Speaking about Disney+, the company announced a significant price hike of monthly subscriptions as part of the Q2 report. The standard plan will see a 38% hike, going from $7.99 to $10.99 a month. The company also plans to introduce an ad-supported plan, which will cost $7.99.

The post Disney’s Shares Up Almost 7% After Q2 Report Beats Wall Street Estimates appeared first on theprimarymarket.com.

Disney reported revenue of $22.33 billion compared to $22.51 billion expected. Its Disney Parks, Experiences, and Products arm narrowly beat the analyst’s predictions with $8.33 billion versus $8.25 billion estimated revenue, but Disney Media and Entertainment Distribution division fell short of 14.36 billion expected. Adjusted earnings per share came at $1.03 versus $0.99 expected.

Disney+ streaming services saw a 7.4% decline compared to the first quarter and now have 146.1 million total subscribers. The analysts expected fewer losses and estimated the streamer would finish Q2 with 154.8 million subscribers.

However, Disney managed to encourage investors by forecasting capital spending of $5 billion, which represents a dip of $1 billion compared to the $6 billion forecast in Q1. The company also announced its intention to start paying dividends again by the end of this year.

Disney’s shares closed at $87.49 on Wednesday, which represents a 1.66% year-to-date loss. The stock climbed as high as $91.98 per share in after-hours trading.

“Our results this quarter are reflective of what we’ve accomplished through the unprecedented transformation we’re undertaking at Disney to restructure the company, improve efficiencies, and restore creativity to the center of our business,” said CEO Bob Iger in a statement.

The post Disney Stock Climbs Amid Lower Capital Spending Forecast appeared first on theprimarymarket.com.

Disney’s business has been doing well all across the board with the Q2 revenue coming at $21.5 billion compared to an expected $21 billion. The company also reported adjusted earnings per share (EPS) of $1.09 versus the $0.96 estimated.

The parks, experience, consumer products segment, and Disney+ streaming service were among the biggest contributors to a successful quarter. The parks, experience, and consumer products unit raked up $7.39 billion in revenue, which is 740 million more than the estimated $6.65 billion. On the other hand, Disney+ added 14.4 million new subscribers in Q2 compared to the 10 million expected and made another big step in becoming the biggest streamer on the market.

Speaking about Disney+, the company announced a significant price hike of monthly subscriptions as part of the Q2 report. The standard plan will see a 38% hike, going from $7.99 to $10.99 a month. The company also plans to introduce an ad-supported plan, which will cost $7.99.

The post Disney’s Shares Up Almost 7% After Q2 Report Beats Wall Street Estimates appeared first on theprimarymarket.com.