Jim Cramer: The Disney+ Numbers Were 'Incredible'

Author:
Publish date:
Video Duration:
35

Real Money stock of the Day Disney  (DIS) - Get Report posted earnings of $1.53 a share, which beat analysts expectations for $1.44 a share.

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.

Netflix  (NFLX) - Get Report has around 67.7 million subscribers.

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.

Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.

Catch up on the Latest Videos on TheStreet!