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Disney Q4 earnings miss expectations, streaming growth decelerates

Yahoo Finance’s Jared Blikre breaks down Disney’s fourth-quarter earnings results.

Video Transcript

- Here, got to get to Jared Blikre. We have Disney earnings. What do they tell us, Jared?

JARED BLIKRE: Well, misses all around, at least on the top three key numbers here. So subscribers for Disney+, that's one of the big ones. That's where the focus is-- $118.1 million, that's up 1.8% quarter over quarter. But it is short by about a million and a half of what Wall Street was expecting. That exact number is $119.6 million.

Adjusted EPS coming in light as well-- $0.37, versus an estimate of $0.49, so off by about $0.12 right there. Revenue also missing-- $18.53 billion. That's up almost 9% quarter over quarter, but a little bit short of the Wall Street estimate, $18.78 billion.

And going into some of their divisions here, this is where we're seeing the misses. Media and entertainment distribution, that revenue came in light-- $13.08 billion. Estimate was for a little bit more-- $13.33 billion.

Parks experience and products revenue, that was a small beat. That came in at $5.45 billion. Estimate was a little bit lower, at 5.28% billion.

Media and entertainment distribution, that operating income came in at $947 million. That is light. Estimate was for $990.8 million-- a little bit higher.

And finally, parks experience and products operating income, $640 million, and the estimate was for quite a bit higher-- $864.4 million. So the stock trading down just a tad in after hours trading-- trading here after those misses.