Revenue came in at $20.86 billion, beating expectations of $20.79 billion.
Let’s take a look at some of the biggest takeaways from the quarter.
First Is Obviously Subscribers.
Disney+ announced that it had 26.5 million subscribers when the quarter ended. This beat expectations of around 25 million.
As of Monday, CEO Bob Iger noted, Disney now has a little less than 29 million subs.
Let’s put that into context.
And this was the first quarter with Disney+, and it’s been around three months since the service launched.
CEO Bob Iger said that he was “comfortable” that Disney+ struck the right balance of library and original content.
"The original shows that we decided to invest in, led by The Mandalorian have worked...and we don’t feel that there’s much that we have to adjust to right now," said Iger.
Jim Cramer weighed in on whether or not Disney's approach to original content is taking a page out of Netflix's book and whether or not that's going to hurt Netflix in the long-run.
Watch the full video above for more.
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