The company 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.
And this was the first quarter with Disney+, and it’s been around three months since the service launched.
More on Disney+
Iger said that he was “comfortable” that Disney+ struck the right balance of library and original content.
He said, and I quote, 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.”
Iger also noted that Disney plans to roll out Disney+ internationally starting in March.
On March 24, Disney+ will be live in Switzerland, the U.K., Germany, Spain, Italy and Austria.
It will also launch in India--in a Hotstar bundle--on March 29
Then There’s Parks
Disney did give an update on the coronavirus.
Currently, Disney’s parks in Hong Kong and Shanghai are closed due to the coronavirus.
Disney said that the closures could cost Disney as much as $175 million.