The report provoked growth of the quotations by 17%. In 2020, the revenue grew by 24%, net profit — by 47.9%, audience — by 32.1%. The company's experts say that in the nearest quarter the revenue will grow by 23.6% and the net profit — by 92%.
In November, Disney stocks renewed their historical maximums and set a new record of $152.49 per stock. The catalyst for the growth was the launch of a streaming service Disney+.
On August 6th Walt Disney Company (NYSE: DIS) submitted its financial report for the second quarter of 2019. According to the report, the company's income has reached record levels, amounting to 20.25 billion USD; however, it has not matched the forecast level of 21.46 billion USD, which led to a steep decline of the stock price by 5%.