Aug 16, 2021 13:00:00

Disney + has reached 116 million members and Disney's revenue has recovered significantly

Disney announced its third quarter 2021 results on August 12, 2021. Among them, the company reported that the

number of subscribers to the paid streaming service 'Disney + ' increased more than expected, and the profits improved significantly compared to the previous year when the theme park business was hit by the pandemic.

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2021 | Business Wire
https://www.businesswire.com/news/home/20210812005843/en/

Disney (DIS) fiscal Q3 2021 earnings
https://www.cnbc.com/2021/08/12/disney-dis-fiscal-q3-2021-earnings.html

Below is a summary of the financial statements released by Disney. In the third quarter of 2021, the company's revenue was $ 17 billion, well above the $ 11.8 billion in the year-ago quarter. As a result, net income was 923 million dollars (about 100 billion yen), a significant improvement from the same period of the previous year when a net loss of 4.7 billion dollars (about 500 billion yen) was recorded.

Disney CEO Bob Chapek said in a statement, 'We are pleased with our steps to successfully finish the third quarter and grow our business in the ongoing challenge of a pandemic. We are around the world. We continue to offer new services and exciting experiences at theme parks and resorts, and the streaming businesses Disney +,

ESPN + , and Hulu also have a total of about 174 million paying members , making direct consumer transactions. (D2C) The business was also very strong. '

As CEO Chapek points out, the performance of Disney + and other streaming businesses was a major factor in improving Disney's profits. Disney's achievements were strongly affected by the pandemic, including the dismissal of 28,000 employees in September 2020 due to the closure of amusement facilities. So, the company restructuring plan in October launch was firm a policy, to focus on the streaming service.

As a result of these efforts, the number of Disney + members reached 9.49 million as of January 2, 2021. In March, the number of members exceeded 100 million, far exceeding the original plan of 'increasing the number of paying members to 60 to 90 million by 2024.'

The number of paid Disney + members finally exceeds 100 million --GIGAZINE

And as of July 3, the end of the third quarter of 2021, the number of members reached 116 million, exceeding the expected number of 114.5 million by financial information company Street Account. rice field.

'We expect Disney + membership to reach 230-260 million by 2024,' CEO Chapek said in an interview program broadcast by US news media CNBC. , I was confident in the future growth of Disney +.