Disney, Airbnb, and The Scout Mindset
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 13 August 2021
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:20.0 | radio show. I'm Chris Hill joining me this week. Senior analyst Jason Moser and Ron |
| 0:24.3 | Gross. Good to see you as always gentlemen. |
| 0:26.6 | Addy, you doing. We got the latest headlines from Wall Street. We'll talk investing |
| 0:30.2 | mindset with author Julia Galef and as always we've got a couple of stocks on our radar. |
| 0:35.3 | We begin this week in the magic kingdom. Shares of Disney up on Friday after a blowout |
| 0:40.4 | third quarter report profits were much higher than expected and the Disney plus streaming |
| 0:44.8 | service now has 116 million subscribers and I will point out Ron it was less than two |
| 0:51.7 | years ago that they launched it and they're already at 116 million. |
| 0:56.1 | Very impressive. They ended the quarter with a total of 174 million streaming subscribers |
| 1:02.3 | overall and that's just 35.5 million short of Netflix's subscriber base and Netflix has |
| 1:09.0 | been at this game for quite some time. So really impressive. Overall the quarter really |
| 1:14.6 | strong beat expectations on the top and the bottom line. Overall revenue up 45%. And as |
| 1:21.3 | we noted streaming is most of the story here but the theme parks are back despite the rising |
| 1:27.1 | Delta variant. As you said, Disney subscribers doubled to 116 million ESPN subscribers increase |
| 1:34.1 | 75%. Who lose subscribers up 21%. So the whole overall direct to consumer division which |
| 1:41.5 | includes that streaming business had a 57% increase in revenue. But it's important |
| 1:46.7 | to note they did report a loss in that division of about $299 million because they invested |
| 1:51.9 | in programming which as we know from all the years of Netflix is expensive. So we have |
| 1:56.6 | to keep an eye on that. Also very important to keep an eye on average monthly revenue |
| 2:01.1 | per paid subscriber for Disney plus that actually decreased to 416 from $4.62 and that's due |
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