buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

telegram「中」文群组(www.tel8.vip):Disney CEO in dream land

admin2022-02-1242

Big profits: People strolling along Main Street at the Magic Kingdom theme park in Walt Disney World. The theme-park comeback is a boon for Disney’s results in the recent quarter. — AP

LOS ANGELES: Walt Disney Co reported first-quarter sales, earnings and streaming-subscriber growth that handily beat analysts’ forecasts, giving a boost to a chief executive officer who’s finally out of the shadow of his predecessor.

Bob Chapek has been CEO of the world’s largest entertainment company for two years this month, but the current period is the first since the departure of longtime Disney leader Bob Iger, who retired as executive chairman in December.

Disney’s earnings increased to US$1.06 (RM4.44) a share, well ahead of the 57 US cents (RM2.39) average of analysts’ estimates.

Sales in the period ended Jan 1 increased to US$21.8bil (RM91.2bil), also topping expectations, the Burbank, California-based entertainment giant said.

The company’s namesake parks and the new Disney+ streaming service delivered big upside surprises, providing a one-two punch that cheered investors and lifted the shares as much as 10% in extended trading.

Disney’s parks division generated US$2.45bil (RM10.3bil) in operating income, compared with a loss a year earlier. Revenue from the resorts unit doubled from lows during the pandemic, helped by the introduction of new services such as Genie+, a system that allows guests to pay an extra fee to jump in shorter lines for rides.

New subscriptions to Disney+ came in at 11.8 million, far above the 8.17 million that Wall Street had projected, with the total now approaching 130 million.

,

telegram‘中’文“{群}”组www.tel8.vip)〖是一个〗Telegram(“{群}”组分享平)台,<飞机“{群}”组内容>包括telegram“{群}”组索引、Telegram『“{群}”组导航』、(新{加}坡)telegram“{群}”组、telegram‘中’文“{群}”组、telegram“{群}”组(『其他』)、Telegram 〖美国〗 “{群}”组、telegram“{群}”组爬虫、 电报{群}[ ‘科学上网’、(小飞机) 怎么 {加} {群}、tg{群}等内容,{为广大电报用户提}供各种电报“{群}”组/【电】报频道/电报机器人导航服务。

,

Disney shares tumbled in November after the company announced subscriber numbers that fell short of Wall Street projections.

Netflix Inc added to investor worries about streaming growth with a tepid outlook last month.

Shares of Disney jumped on the latest report, rising as high as US$162.10 (RM678.39) in extended trading. The stock had declined 4.9% this year through Wednesday’s close in New York.

Chapek’s accession to CEO, coming just before the pandemic began to spread across the United States “couldn’t have happened at a tougher time,” said Markus Hansen, a money manager with Vontobel Asset Management, which held about 1.77 million Disney shares as of Sept 30, according to Bloomberg data. Chapek’s experience running the theme parks before his promotion likely helped in the company’s recovery.

“He’s proved his mettle here,” Hansen said.

On a call with investors Wednesday, Disney chief financial officer Christine McCarthy said new technologies, such as using mobile phones for hotel check-in and food ordering, have reduced costs.

Chapek added that a return of live events and international visitors should boost attendance going forward.

Like other media companies, Disney has made a big bet that streaming is the future, as consumers increasingly cancel traditional cable TV to watch movies and TV shows online.

Reviews