Disney Q3 revenue misses estimates; plans price hikes for streaming services

Investing.com -- Walt Disney reported Wednesday mixed fiscal third-quarter results as revenue missed Wall Street estimates as momentum in its streaming business slowed, but the company detailed plans to hike prices for its streaming business to boost growth.  

Walt Disney Company (NYSE:DIS) rose 4% in afterhours, cutting losses that followed immediately after the earnings report.

Disney reported adjusted EPS of $1.03, compared with Wall Street estimates of $0.99, while revenue of $22.33 billion missed estimates of $22.49 billion.

Disney's parks business saw revenue climb 13% to $8.33 billion in Q3 from the year-ago period. 

Disney+ subscribers fell to 146.1 million, missing estimates of 151.1 million, pressured by a 24% fall in Disney+ Hotstar subscribers.

Disney said that it would be raising the prices of its streaming streaming services including Disney+ and Hulu, but will keep prices of its ad-supported tiers of streaming unchanged. 

The price of the ad-free tier of Disney+ will increase to $13.99 from $10.99 starting Oct. 12, but the ad-supported Disney+ will remain at $7.99 The company also announced that it would expand its ad-supported offering in Europe and Canada starting Nov. 1.

Disney also said it would launch a new premium duo bundle on Sept. 6, for users who want ad-free tiers of both Disney+ and Hulu at $19.00 per month. The price for all three streaming products, or the "Trio Premium," including Disney+, Hulu, and the ad-supported tier ESPN+ will increase to $24.99 per month from $19.99 per month.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201)

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: