Disney Makes Disney+ Its Digital Centerpiece
The Walt Disney Company used its Q3 earnings report to emphasize strengthening its three core platforms — Disney+, ESPN and experiences — and signaled a strategic push to make Disney+ the company’s “digital centerpiece.” Disney reported Q3 revenue rose 7% to $25.2 billion, its entertainment unit generated $7.545 billion (a 12% increase year-over-year) and ESPN reached 230 million unique fans in June. The company also announced a new agreement with TikTok to integrate social clips with its offerings, underscoring a focus on expanding digital and social engagement around its streaming business.
- •Company revenue for the third quarter increased 7% from $23.7 billion to $25.2 billion.
- •Disney’s entertainment unit generated $7.545 billion in revenue for the quarter, a 12% increase year-over-year.
- •ESPN reached 230 million unique fans, marking its best month ever in June for digital and social engagement.
