A Disney cast member welcomes guests to Magic Kingdom Park at Walt Disney World Resort on July 11, 2020.
(Photo by Matt Stroshane/Walt Disney World Resort via Getty Images)
- Loss per share: 20 cents, vs 71 cents expected, according to Refinitiv survey of analysts
- Revenue: $14.71 billion, vs $14.20 billion expected, according to Refinitiv
Disney said its streaming service, Disney+, now has 73 million paid subscribers as of the end of the fourth quarter.
Shares rose as much as 6% after hours.
The Covid-19 pandemic has most significantly impacted Disney’s parks division due to local restrictions that have forced temporary closures or limited capacity. Disney estimated in its earnings release that costs related to the pandemic will total roughly $1 billion in fiscal year 2021, though it said changes to local restrictions could alter that figure.
This story is developing. Check back for updates.
Disclosure: NBCUniversal is the parent company of Universal Studios and CNBC.