Disney increases revenues 45 percent third 2021 quarter, to $ 17,022 million - Disney has presented its accounts for the third quarter, in which it has achieved revenues of 17,022 million dollars (about 14,501 million euros, at the current rate), representing a growth of 45% over the same quarter of the previous year.
In addition, the company has obtained a net attributed profit of 918 million dollars (782 million euros), compared to the loss of 4,721 million dollars that it presented last year at this time.
The mouse company has thus exceeded the expectations of analysts in revenue and also in earnings per share, which have reached 0.80 dollars (0.68 euros), compared to 0.08 in the same quarter of 2020.
"We end the third quarter in a strong position, and we are satisfied with the company's trajectory as we grow our business amid the continuing challenges of the pandemic," said Bob Chapek, CEO of The Walt Disney Company, as the company's publication with the results shows.
In the segment results, Disney has also achieved positive revenue figures for all its lines of business in the third quarter of the year.
Disney increases revenues 45 percent third 2021 quarter
In the media division, turnover has grown by 18% to 12,681 million dollars (10,803 million euros).
While the company's parks, experiences and products business, which includes Disney World and Disneyland resorts, has revenues of $ 4,341 million (€3,698 million).
This is more than double the 1,065 million dollars published on June 27, 2020 and contrasts with the fall of 44% in the second quarter of 2021, affected by the closure of parks by the coronavirus pandemic, which gradually are seeing the light.
South Carolina's Disneyland Park reopened in April of this year after being closed for 412 days, while the iconic Disneyland Paris has had to wait until June to be able to open its doors again after seven and a half months of closure, the longest in its history.
Disney increases revenues 45 percent third 2021 quarter
Finally, in its streaming platform Disney+ has reached 116 million paid subscribers, an increase of 12.4 million subscribers compared to the second quarter and more than 100% compared to the same quarter of the previous year.
ESPN + has reached 14.9 million subscribers, while Hulu's total is 42.8 million subscribers.
"We continue to introduce exciting new experiences at our parks and resorts around the world, along with new guest-centric services, and our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions on Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms," said Bob Chapek.
Disney increases revenues 45 percent third 2021 quarter
In addition to anti-piracy, Disney is immersed in a' streaming war ' against competition such as Netflix, HBO and Amazon Prime Video, supported by successful premieres such as Viuda Negra.
Marvel's first Phase 4 film has become the most successful release after the pandemic hit in early 2020, with a total grossing of 183 million euros both in theaters and through Disney+.
Disney increases revenues 45 percent third 2021 quarter
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The price escalation also affects gasoline: filling the tank today is 22.5% more expensive than a year ago
In a week full of historical records with respect to the electricity rate, gasoline on Thursday recorded a new price increase, which places it as the most expensive since 2013, 8 years ago, in an August. In particular, today filling a tank of 55 liters costs just over 78 euros with gasoline and 70 euros with diesel.
In this way, the average price of a liter of gasoline will be up to 22.5% more expensive than a year ago. In addition, it has increased slightly more than 0.2% compared to the first week of August, standing now at almost 1,420 euros, its maximum since the end of July 2014, according to data collected in the Oil Bulletin of the European Union (EU).
On the other hand, the cost of diesel, which has always been cheaper than gasoline, has recorded on Thursday a weekly difference of 0.1% to stand at 1.270 euros on average, making the month of August the most expensive since 2014, 7 years ago.
It should be stressed that the rise in fuel prices in recent months is related to the recovery in the price of oil. And is that, the price of the barrel of Brent quality oil, reference in Europe, stands on Thursday at 71.1 dollars (70.6 dollars a week ago), while the price of the barrel Texas is around 68.8 dollars (68.6 dollars last week).
However, this increase in the price of fuel still does not reach its historic highs, unlike the electricity bill, which this Friday will again mark a historic high for the fifth consecutive day and in full heat wave.
To know the record of the price of fuels must go back to the week of September 3, 2012, almost 9 years ago.
At that time, the price of gasoline recorded its highest point with an average cost of 1,522 euros and diesel 1,455 euros.