Walt Disney's own streaming service and well-attended leisure parks despite the Corona crisis have brought Walt Disney back into the black.
In the past quarter from April to July 3, a net result of 923 million dollars was achieved after a loss of 4.72 billion dollars in the same period of the previous year, the American company announced on Thursday evening.
The Disney share price rose five percent after the hours.
In contrast to other companies such as Southwest Airlines and AirBnB, Disney is confident of the corona crisis, which is worsening again.
"We are still optimistic about our amusement parks," said CEO Bob Chapek.
In the past quarter, the division's sales increased for the first time in five quarters.
In the state of Florida - the home of Walt Disney World - Covid-19 infections have recently increased significantly.
In addition to the amusement parks and the film business with streaming services, Disney also includes cruise ships and various television channels. The Disney + streaming service has now developed into a revenue guarantee for the company. The three subscription offers Disney +, Hulu and ESPN + have gained a total of 15 million customers and now total almost 174 million. "It is obvious that Disney + has now become an indispensable streaming service alongside Netflix," said analyst Paolo Pescatore from market watcher PP Foresight.
Most recently, Disney scored with the "Loki" series and the movie "Cruella" with Emma Stone. Disney wants to use the momentum. The company will provide a total of $ 16 billion for new content by the end of fiscal year 2024. US streaming pioneer Netflix has 209 million subscribers and recently announced that it would increasingly offer video games in addition to series and films.