The Walt Disney Company (DIS) shares rose 5.63% in after-hours on Thursday, August 12, 2021, and closed at $189.38. Earlier in the regular trading session of Thursday, DIS’s stock gained 0.67%. DIS shares have risen 36.04% over the last 12 months, and they have moved up 1.46% in the past week. Over the past three months, the stock has gained 0.53%, while over the past six months, it has declined 6.09%.

Let’s discuss its recent news and developments

DIS recent financial results announcement

On August 12, 2021, The Walt Disney Company (DIS) released earning details for its third fiscal quarter ended July 3, 2021.

Q3 2021 financial highlights

• DIS reported revenue of $17,022 million in Q3 2021 compared to $11,779 in Q3 2020.
• It reported a net loss of $923 million in Q3 2021 compared to a net loss of $1,864 in Q3 2020.
• Diluted earnings per share were $0.50 in Q3 2021 compared to a loss of $2.61 in the prior-year quarter.
• The company had a free cash flow of $528 million in Q3 2021 compared to $454 million in Q3 2020.

DIS re-launched annual passes

DIS relaunched its 37-year-old annual pass program to help reduce crowding on high-demand days with a twist. Now Disney annual passes starting at $399 a year for Southern California residents, with price tiers at $649, $949, and $1,399 for all guests. Unlike the old program, Magic Key holders will need to make advance park reservations.

More information will be released soon about the passes.

DIS Jungle Cruise Top-Notch performance

The Walt Disney Company’s (DIS) “Jungle Cruise” reigned at the weekend U.S. box office with $34.1 million in ticket sales from a 4,310-screen engagement.

Mandatory vaccination for DIS U.S employees

On July 31, 2021, Walt Disney Company (DIS) made vaccination mandatory for all its on-site salaried and non-union hourly employees in the United States, as the highly infectious Delta COVID-19 variant drives a resurgence in cases.

The DIS new feature attraction

Disney+ introduced a new series on July 22, 2021, “Behind the Attraction” with every episode looking at the origin of popular theme park attractions.

The stakes will be raised even higher when Jungle Cruise hits theatres next week. The film, starring Dwayne Johnson and Emily Blunt, is named and themed loosely for the classic pun-laden Disneyland boat ride.

Conclusion

DIS stock went up after the company announced its Q3 financial results which impressed the investors. Exceptional user growth would be a catalyst in the coming days for its Stock surging.