MADRID, 12 Feb. (EUROPA PRESS) –
The American leisure and entertainment giant The Walt Disney Company managed to close its first fiscal quarter, which includes the months between October and December, with a net profit of 17 million dollars (14 million euros), which represents a decrease in the 99% compared to the profits of 2,107 million dollars (1,740 million euros) of the same period of 2019, but they allow the multinational to leave behind the ‘red numbers’ of previous quarters due to the impact of COVID-19 on its activity.
In this sense, the multinational recorded quarterly revenues of 16,249 million dollars (13,422 million euros), 22.2% less than a year earlier, with a 4.5% drop in the turnover of the media business, to 12,661 million dollars (10,458 million euros) and 52.7% in the parks and experiences division, up to 3,588 million dollars (2,964 million euros).
In its media and entertainment business, Disney specified that television channel revenues grew 2% in the quarter, to $ 7,693 million (€ 6,354 million), while the subscription business contributed $ 3,504 million ( 2,894 million euros), 73% more.
The multinational company estimated the adverse impact related to Covid on the operating income of the parks and experiences segment as a result of the closures and the reduction of operational capacities at some 2,600 million dollars (1,406 million euros), while in the segment of entertainment and media the effects were less significant.
At the end of the quarter, the multinational highlighted that the Disney + platform had reached 94.9 million subscribers, compared to 73.7 million in the previous three months and well above the 26.5 million of the previous year, exceeding its Initial target for 2024, which the company updated in late 2020 to raise it to a range of between 230 and 260 million paying users.
For its part, ESPN + increased its subscribers to 12.1 million, 83% more than a year earlier, while the Hulu platform reached 39.4 million users, 25% more.
“We believe that the strategic actions we are taking to transform our company will drive our growth and enhance shareholder value, as evidenced by the incredible strides we have made in our subscription business, reaching more than 146 million total subscribers to our services. at the end of the quarter, “said Bob Chapek, CEO of The Walt Disney Company.
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