Disney + has gained a lot of ratings due to the increase in subscriptions

In the extended trade, the entertainment company increased its share by 8%.

Walt Disney reported better-than-expected first-quarter earnings during the holiday season, with a steady recovery in domestic theme parks and a steady stream of growth.

Reference data shows that the company’s total revenue rose 34 percent to $ 21.82 billion.

The company’s two-year streaming service Disney + Corona virus has resumed business while disrupting existing theme parks, resorts and excursions.

Now, as Omicron’s fears diminished, government restrictions and interest delays have made it harder for them to engage in domestic theme parks.

In the extended trade, the entertainment company increased its share by 8%.

Net profit from consecutive operations was $ 1.15 billion, or 63 cents, in the quarter, compared to $ 29 million or 2 cents a year earlier.

By the end of the first quarter, Disney + subscribers had reached 129.8 million, compared to FactSet’s estimated 129.2 million.

Investors are looking at the growth direction of the streaming service in light of its potential to meet the budget 2024 guidelines. In November, CEO Bob Chapeck tightened the company’s forecast for 230 million to 260 million Disney + subscribers by the end of 2024.

Disney has invested billions in the creation of new programs to gain a foothold in Netflix Inc.’s online video market, placing its future in a strategy that will lead directly to consumers.

In the first quarter, Disney + released the first installment of Bob Wars’s book about Star Wars bonus hunters. The Beatles return from filmmaker Peter Jackson’s documentary; And Hawkeye, the superhero of Marvel.

Disney announced in November that it would offer its three streaming services to Disney +, All and ESPN + for $ 13.99 per month.

In January, Netflix predicted a weak first-quarter subscriber growth, which saw its stock cut by nearly 20 percent and wipe out most of the remaining epidemics by 2020.


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