Disney disclosed in its fiscal fourth quarter earnings report on Thursday，Strong user growth for its streaming service。The company’s quarterly revenue exceeded expectations，Loss is lower than expected。The specific results are as follows:

Loss per share: 20 cents, consensus was 71 cents

Revenue: 147.USD 100 million，Market expectation is US$14.2 billion

Disney said，As of the end of the fourth quarter，Its streaming service Disney+ has more than 73 million paying subscribers。

The stock rose 6% after hours，But gains narrowed during analyst call。Disney CFO Christina McCarthy said at the meeting，Disney will cancel its semi-annual dividend in January。She said，In the long run，The company will continue to pay dividends。Before this，Activist investor Dan Loeb once said，The company will end dividends to fund Disney+ content。188bet app download During conference call，Disney stock price still rises more than 3%。

Due to the implementation of epidemic prevention measures in various places，Resulting in Disney’s park division being the most severely affected during the epidemic。As a result, the company was forced to temporarily close or open various theme parks with limited capacity。Due to the serious epidemic situation around Disney Resort in California，Resulting in the park being unable to operate。But the company is located in Florida、Shanghai、Theme parks in Japan and Hong Kong can open with limited capacity。Disneyland Paris was forced to close in late October，Not reopening until 2021。Disney estimate，The net negative impact of the COVID-19 epidemic on the operating profit of its theme park business in the fourth fiscal quarter was approximately $2.4 billion。

Disney CEO Bob Chapek said on an analyst conference call on Thursday，Although the company has taken measures to protect the safety of visitors and staff，But California still decided to close the local Disneyland，They were "extremely disappointed"。

Chapek said: "We have adopted scientific health and safety protocols，And supported by the union representing 99% of our hourly employees。Frankly speaking，As we and other civic leaders have said 188bet app download before，We believe the state’s leadership should take an objective view of our paradises around the world，Achievements based on scientific concepts，Rather than arbitrarily setting a standard that prevents our employees from coming back to work。”

Disney estimates in its earnings report，Costs related to the epidemic will total $1 billion in fiscal year 2021。But Disney thinks，Adjustments in local policies may change this number。

Compared to the same period last year，Disney’s fourth fiscal quarter revenue is as follows:

Paradise、Experience and Products: 25.USD 800 million，Down 61% year-on-year

Media Network: US$7.21 billion, an increase of 11% year-on-year

Film and television entertainment: US$1.6 billion, down 52% year-on-year

Direct Sales and International Business: 48.USD 500 million，41% year-on-year increase

Disney’s film and television entertainment division revenue fell 52%，To $1.6 billion，Reasoned by lower revenue from theater and home entertainment businesses。

The company did not release any major films globally during the season，The same period last year saw the release of popular movies such as "The Lion King" and "Toy Story 4"。

Disney’s home entertainment sales also suffered during the quarter，Because it doesn’t have much content for consumers。In the same period last year，The company’188bet online sports betting s “Avengers: Endgame”、"Aladdin" and "Captain Marvel" both enter the family market。

Disney executives did not disclose the performance of "Mulan" after its release as a high-end product on Disney+。Chapek said，Disney will discuss more about the company’s film distribution strategy at its Investor Day in December。

Cable operating profit fell 7% year-on-year to US$1.2 billion。Disney blames ESPN for declining performance，The reason is that the epidemic has led to the rescheduling of NBA and MLB broadcast rights，Increase program and production costs。But ESPN’s advertising revenue did grow，This is because the program has been transferred，In addition, the current quarter is one week longer than the same period last year。

McCarthy said，Disney will no longer disclose the performance of 21st Century Fox separately in the future。

188bet sports betting app download Source: Sina Technology,Original labelTitle: "Disney+ paid subscribers reached 73 million: Disney’s fourth quarter revenue exceeded expectations》.