Disney’s Q1 Earnings Report: Streaming Loss Narrows, Disney+ Users Drop, and CEO Iger’s Revival Plan Awaited

The Walt Disney Company reported its first quarter earnings for 2021 on Tuesday, and the results were better than expected. The company reported a narrower streaming loss than expected, and a drop in Disney+ subscribers, but the overall outlook was still positive.

Disney reported a total of 95.6 million Disney+ subscribers, a drop from the previous quarter’s 99.9 million. The company also reported a narrower streaming loss of $540 million, down from the $1.2 billion loss in the previous quarter.

The company’s overall revenue was down 4 percent year-over-year, but still beat expectations. ESPN+ and Disney+ were two of the main drivers of the company’s revenue, and their growth trajectories will be interesting to monitor, according to Variety’s Cynthia Littleton.

CEO Bob Iger is expected to address the company’s revival plan for the upcoming quarter during the earnings call. Investors are eager to hear Iger’s plan, as the company is hoping to continue its positive momentum from the first quarter.

Overall, the company’s results were better than expected and investors are hopeful for the future.

For more news on Disney’s earnings report, view Full Coverage on USNN.