The Walt Disney Company (NYSE: DIS) reported third quarter 2021 earnings results today.
Total revenues increased 45% year-over-year to $17 billion.
Net income attributable to The Walt Disney Company was $918 million, or $0.50 per share, compared to a net loss of $4.7 billion, or $2.61 per share, last year. Adjusted EPS more than doubled to $0.80 from $0.08 in the prior-year period.
The top and bottom line numbers beat market expectations.
The company’s direct-to-consumer business had a total of around 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter.
Shares gained 5% during aftermarket hours.
