Disney +, ESPN + and Hulu services generate significant revenues for the company, while amusement parks being closed due to the pandemic deeply affect the financial statements.

The Disney + content streaming platform, which analysts have shown as the most important move in the history of the company, has grown beyond predictions and closed 2020 with records. However, it could not save the company’s revenues

Record broke in the fourth quarter
The Marvel series of the Disney + platform, which was especially popular with the series The Mandalorian, also attracted a significant fan base. While the platform closed the year 2020 with 94.9 million subscribers, other Disney services also reached significant numbers.

Another content platform, Hulu, closed last year with a total of 39.4 million subscribers, while the sports-focused ESPN + service reached a total of 12.1 million subscribers. The total number of subscribers for Disney services reached 146 million.

Average revenue per subscriber declined to $ 4.04, impacting total revenue. The company’s total revenue for the last quarter decreased by 22 percent to $ 16.24 billion. Net income was $ 1.3 billion, with a loss of 67 percent. The department, which includes products such as content services and NBA programs, has increased, generating around $ 11 billion in revenue.

Bob Chapek, who took the boss of Disney, had his first lost year. Although there has been significant growth in internet-oriented services, major losses have been experienced in amusement parks, film revenues and other items due to the pandemic. Amusement parks alone lost around $ 2.6 billion in the fourth quarter. The slow continuation of the pandemic process shows that the picture will not change much for Disney.

LEAVE A REPLY

Please enter your comment!
Please enter your name here