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2021-05-17
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Is Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后，迪士尼股票仍然值得买入吗？</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":195803114,"tweetId":"195803114","gmtCreate":1621266651738,"gmtModify":1634192898481,"author":{"id":3568799656541576,"idStr":"3568799656541576","authorId":3568799656541576,"authorIdStr":"3568799656541576","name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Buy?</p></body></html>","htmlText":"<html><head></head><body><p>Buy?</p></body></html>","text":"Buy?","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/195803114","repostId":1121366045,"repostType":4,"repost":{"id":"1121366045","kind":"news","pubTimestamp":1621265461,"share":"https://www.laohu8.com/m/news/1121366045?lang=zh_CN&edition=full","pubTime":"2021-05-17 23:31","market":"us","language":"en","title":"Is Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后，迪士尼股票仍然值得买入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121366045","media":"Motley Fool","summary":"Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.\nWalt Disn","content":"<p>Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.</p><p><blockquote>Disney+上个季度的订户增长远低于分析师的预期。</blockquote></p><p> <b>Walt Disney</b> (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所代码：DIS）第二财季结束时，其Disney+流媒体服务的订户为1.036亿。虽然这是去年同期报告总数的两倍多，但分析师预计Disney+本季度将拥有1.09亿订户。</blockquote></p><p> The stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.</p><p><blockquote>该股在财报发布后最初大幅抛售，目前今年迄今已下跌4.3%。投资者可能想知道《老鼠之家》是否仍然是一项不错的投资。</blockquote></p><p> Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.</p><p><blockquote>以下是收益看涨期权中的四个要点，表明迪士尼表现良好，可能会使抛售成为一个很好的买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00b2ef9a9954376983ea5e8c5eef5678\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: WALT DISNEY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：华特·迪士尼。</span></p></blockquote></p><p> <b>1. Disney+ is still on track to reach 230 million subscribers</b></p><p><blockquote><b>1.Disney+仍有望达到2.3亿订阅用户</b></blockquote></p><p> Disney was already doomed to disappoint investors after <b>Netflix</b> (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.</p><p><blockquote>迪士尼已经注定会让投资者失望<b>Netflix</b>（纳斯达克：NFLX）在截至3月份的季度未能达到自己的订户指引。疫情期间，流媒体服务的注册量强劲增长，可能需要一两个季度才能恢复。</blockquote></p><p> Nonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.</p><p><blockquote>尽管如此，收益报告中有大量细节表明Disney+仍有望实现其长期订户目标。例如，首席财务官克里斯蒂娜·麦卡锡(Christine McCarthy)表示，迪士尼“在第二季度最后一个月增加潜艇的速度比前两个月更快。”尽管Disney+自推出以来首次提价。</blockquote></p><p> Looking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"</p><p><blockquote>展望近期，首席执行官Bob Chapek表示：“我们有望在2024财年末实现2.3亿至2.6亿用户的指导。”</blockquote></p><p> <b>2. Churn levels remaining low despite price increases</b></p><p><blockquote><b>2.尽管价格上涨，客户流失率仍然很低</b></blockquote></p><p> Even after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"</p><p><blockquote>查佩克表示，即使在上季度实施提价后，“自[欧洲、中东和非洲地区]提价以来，我们还没有观察到客户流失率显着上升。”</blockquote></p><p> Disney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,<i>Loki</i>, which debuts on June 9 has been through the roof.\"</p><p><blockquote>迪士尼预计，一旦内容制作全面恢复，订户增长将更加强劲。查佩克说：“对漫威最新系列的期待，<i>洛基</i>将于6月9日首次亮相的该片已经取得了巨大的成功。”</blockquote></p><p> Remember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from <i>Star Wars</i> and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.</p><p><blockquote>请记住，迪士尼在没有利用深度内容管道的情况下就获得了超过1亿的订阅用户<i>星球大战</i>以及管理层在12月投资者日演讲中公布的漫威。随着该公司从这些强大的特许经营权中添加更多内容，订阅者数量应该会增加。</blockquote></p><p> <b>3. Disney+ has yet to benefit from recent price increases</b></p><p><blockquote><b>3、Disney+尚未从近期涨价中受益</b></blockquote></p><p> Disney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.</p><p><blockquote>迪士尼本季度的每用户平均收入（ARPU）下降了29%，至3.99美元。这与Netflix上季度6%的同比增长相比无疑是一个鲜明的对比。但是这里的故事还有更多。</blockquote></p><p> The decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.</p><p><blockquote>ARPU的下降是由于迪士尼+Hotstar在印度的推出，印度的每用户收入低于迪士尼+在其他市场。如果不包括Hotstar，迪士尼+ARPU几乎没有变化，为5.61美元。</blockquote></p><p> \"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.</p><p><blockquote>麦卡锡表示：“随着今年剩余时间的推移，我们应该开始看到我们在世界各地采取的价格上涨对迪士尼+ARPU的好处。”</blockquote></p><p> <b>4. Per capita spending is up at theme parks</b></p><p><blockquote><b>4.主题公园的人均支出上升</b></blockquote></p><p> Of course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.</p><p><blockquote>当然，主题公园仍然是迪士尼业务的重要组成部分，在2019财年创造了260亿美元的收入。本季度，迪士尼乐园、体验和产品的收入同比下降了44%。但这比上一季度53%的下降有所改善。</blockquote></p><p> Management offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.</p><p><blockquote>管理层在盈利看涨期权上提供了更多好消息。麦卡锡表示：“在华特迪士尼世界，整个第二季度的上座率趋势继续稳步改善，人均游客支出与去年相比再次增长了两位数。”</blockquote></p><p> Disneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.</p><p><blockquote>迪士尼度假区于4月30日开业，管理层对迄今为止游客的反应感到“非常鼓舞”。</blockquote></p><p> It's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying opportunity.</p><p><blockquote>很难说该股短期内将走向何方，但迪士尼的特许经营权是娱乐行业中最有价值的特许经营权之一。我认为可以肯定的是，一旦迪士尼在Disney+上卸载其顶级品牌的更多内容，并且其他业务完全从疫情中恢复过来，股价可能会比现在更高。所以，是的，我认为这次抛售是一个很好的买入机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后，迪士尼股票仍然值得买入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后，迪士尼股票仍然值得买入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-05-17 23:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.</p><p><blockquote>Disney+上个季度的订户增长远低于分析师的预期。</blockquote></p><p> <b>Walt Disney</b> (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所代码：DIS）第二财季结束时，其Disney+流媒体服务的订户为1.036亿。虽然这是去年同期报告总数的两倍多，但分析师预计Disney+本季度将拥有1.09亿订户。</blockquote></p><p> The stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.</p><p><blockquote>该股在财报发布后最初大幅抛售，目前今年迄今已下跌4.3%。投资者可能想知道《老鼠之家》是否仍然是一项不错的投资。</blockquote></p><p> Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.</p><p><blockquote>以下是收益看涨期权中的四个要点，表明迪士尼表现良好，可能会使抛售成为一个很好的买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00b2ef9a9954376983ea5e8c5eef5678\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: WALT DISNEY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：华特·迪士尼。</span></p></blockquote></p><p> <b>1. Disney+ is still on track to reach 230 million subscribers</b></p><p><blockquote><b>1.Disney+仍有望达到2.3亿订阅用户</b></blockquote></p><p> Disney was already doomed to disappoint investors after <b>Netflix</b> (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.</p><p><blockquote>迪士尼已经注定会让投资者失望<b>Netflix</b>（纳斯达克：NFLX）在截至3月份的季度未能达到自己的订户指引。疫情期间，流媒体服务的注册量强劲增长，可能需要一两个季度才能恢复。</blockquote></p><p> Nonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.</p><p><blockquote>尽管如此，收益报告中有大量细节表明Disney+仍有望实现其长期订户目标。例如，首席财务官克里斯蒂娜·麦卡锡(Christine McCarthy)表示，迪士尼“在第二季度最后一个月增加潜艇的速度比前两个月更快。”尽管Disney+自推出以来首次提价。</blockquote></p><p> Looking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"</p><p><blockquote>展望近期，首席执行官Bob Chapek表示：“我们有望在2024财年末实现2.3亿至2.6亿用户的指导。”</blockquote></p><p> <b>2. Churn levels remaining low despite price increases</b></p><p><blockquote><b>2.尽管价格上涨，客户流失率仍然很低</b></blockquote></p><p> Even after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"</p><p><blockquote>查佩克表示，即使在上季度实施提价后，“自[欧洲、中东和非洲地区]提价以来，我们还没有观察到客户流失率显着上升。”</blockquote></p><p> Disney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,<i>Loki</i>, which debuts on June 9 has been through the roof.\"</p><p><blockquote>迪士尼预计，一旦内容制作全面恢复，订户增长将更加强劲。查佩克说：“对漫威最新系列的期待，<i>洛基</i>将于6月9日首次亮相的该片已经取得了巨大的成功。”</blockquote></p><p> Remember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from <i>Star Wars</i> and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.</p><p><blockquote>请记住，迪士尼在没有利用深度内容管道的情况下就获得了超过1亿的订阅用户<i>星球大战</i>以及管理层在12月投资者日演讲中公布的漫威。随着该公司从这些强大的特许经营权中添加更多内容，订阅者数量应该会增加。</blockquote></p><p> <b>3. Disney+ has yet to benefit from recent price increases</b></p><p><blockquote><b>3、Disney+尚未从近期涨价中受益</b></blockquote></p><p> Disney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.</p><p><blockquote>迪士尼本季度的每用户平均收入（ARPU）下降了29%，至3.99美元。这与Netflix上季度6%的同比增长相比无疑是一个鲜明的对比。但是这里的故事还有更多。</blockquote></p><p> The decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.</p><p><blockquote>ARPU的下降是由于迪士尼+Hotstar在印度的推出，印度的每用户收入低于迪士尼+在其他市场。如果不包括Hotstar，迪士尼+ARPU几乎没有变化，为5.61美元。</blockquote></p><p> \"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.</p><p><blockquote>麦卡锡表示：“随着今年剩余时间的推移，我们应该开始看到我们在世界各地采取的价格上涨对迪士尼+ARPU的好处。”</blockquote></p><p> <b>4. Per capita spending is up at theme parks</b></p><p><blockquote><b>4.主题公园的人均支出上升</b></blockquote></p><p> Of course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.</p><p><blockquote>当然，主题公园仍然是迪士尼业务的重要组成部分，在2019财年创造了260亿美元的收入。本季度，迪士尼乐园、体验和产品的收入同比下降了44%。但这比上一季度53%的下降有所改善。</blockquote></p><p> Management offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.</p><p><blockquote>管理层在盈利看涨期权上提供了更多好消息。麦卡锡表示：“在华特迪士尼世界，整个第二季度的上座率趋势继续稳步改善，人均游客支出与去年相比再次增长了两位数。”</blockquote></p><p> Disneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.</p><p><blockquote>迪士尼度假区于4月30日开业，管理层对迄今为止游客的反应感到“非常鼓舞”。</blockquote></p><p> It's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying opportunity.</p><p><blockquote>很难说该股短期内将走向何方，但迪士尼的特许经营权是娱乐行业中最有价值的特许经营权之一。我认为可以肯定的是，一旦迪士尼在Disney+上卸载其顶级品牌的更多内容，并且其他业务完全从疫情中恢复过来，股价可能会比现在更高。所以，是的，我认为这次抛售是一个很好的买入机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/17/is-disney-stock-still-a-buy-after-missing-subscrib/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.fool.com/investing/2021/05/17/is-disney-stock-still-a-buy-after-missing-subscrib/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121366045","content_text":"Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.\nWalt Disney (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.\nThe stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.\nHere are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.\nIMAGE SOURCE: WALT DISNEY.\n1. Disney+ is still on track to reach 230 million subscribers\nDisney was already doomed to disappoint investors after Netflix (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.\nNonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.\nLooking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"\n2. Churn levels remaining low despite price increases\nEven after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"\nDisney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,Loki, which debuts on June 9 has been through the roof.\"\nRemember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from Star Wars and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.\n3. Disney+ has yet to benefit from recent price increases\nDisney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.\nThe decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.\n\"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.\n4. Per capita spending is up at theme parks\nOf course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.\nManagement offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.\nDisneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.\nIt's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying opportunity.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":412,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/195803114"}
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