Streaming growth, theme park attendance in spotlight for stock-watchers

When Disney (DIS) unveils fiscal fourth quarter 2021 results after the bell on Wednesday, user growth for the entertainment giant’s streaming service Disney+ and the recovery in foot traffic at theme parks will be closely watched by investors.

New membership additions for the company’s two-year-old Disney+ have come into focus after a surge in direct-to-consumer video streaming at the height of stay-at-home orders during the COVID-19 pandemic helped buoy Disney. However, the return to in-person activities has put a damper on subscriber growth for all streaming video services. Meanwhile, turnout at Disney’s lucrative parks and resorts remains below pre-virus levels as traffic dwindled amid rising cases and restrictions, but analysts expect a post-pandemic uptick in attendance to parks to help the media conglomerate stage a rebound.

Here are the main metrics expected in Disney’s…

Read more…

spot_imgspot_img

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here