Fast Money Blog- 11/12/21

On Monday, November 8th, PayPal Holdings Company (PYPL) released their Q3 2021 earnings. The company reported revenue of $6.18 billion year-over-year, a growth of 13%.

Their total payment volume (TPV) was up 26% year-over-year to $310 billion.

Additionally, the company added 13.3 million net new active accounts, and ended the quarter with a total of 416 million subscribers.

They also announced that they are teaming up with Amazon to let U.S. customers pay with Venmo at amazon.com and the Amazon shopping app, starting in 2022.

Overall Q3 earnings results were positive for PYPL. 5 years ago the shares were trading at $39.75. As of today, the stock trades at over $200 per share. Patient investors who follow quarterly and annual earnings will always be rewarded in payment processing stocks like PayPal.

On Wednesday, November 10th, The Walt Disney Company (DIS) reported Q4 2021 earnings. Revenue came in at $18.5 billion, up 26% year-over-year and 5.7% quarter-over-quarter.

This is how it broke down:

In the Direct to Consumer segment (which includes Hulu, ESPN and Disney+), revenue for the quarter grew 38% year-over-year to $4.6 billion.

In this past fiscal year alone, the company has grown the total number of subscriptions across their Direct to Consumer portfolio, which includes Hulu and ESPN, by 48% and Disney+ subs, in particular, by 60%.

However, for the quarter, Disney+ only added 2.1 million subscribers (for a total of 118 million), down from the 12.6 million added the previous quarter.

Disney Parks, Experiences and Products revenue for the quarter increased to $5.5 billion compared to $2.7 billion in the prior-year quarter, a growth of 99%.

This puts Disney’s Total Revenue for fiscal 2021 at $67.42 billion, a 3% increase.

Disney has never met Wall Street expectations on subscriber growth, yet the shares have doubled in the past 5 years. Overall, Disney is a great date for the long term if you’re patient.

So far it’s been a great earnings season with more good news to come!

Tyrone Jackson

The Wealthy Investor