the walt disney company held its quarter three earnings call today which revealed more information about theme parks bouncing back after reopening throughout the past 13 months new subscriber counts for disney and an inside peek into what’s next for the studio side of the company in quarter three disney’s diluted earnings per share eps from continuing operations for the quarter was 050 compared to a loss of 261 for the prioryear quarter the diluted eps for the quarter increased to 080 from 008 in the prioryear quarter results for the quarter ended july 3 2021 the company reported a revenue of 1702 billion in the quarter disney gained millions of subscribers and now has a current count of 116 million paying subscribers the disney parks experiences and products segment earned 4341 billion during the quarter which is up over 100 percent yearoveryear the segment operating results increased 22 billion to an income of 356 million “looking across the company over the past quarter were pleased with the trajectory were on as we continue to grow our businesses despite the challenges presented by the ongoing everchanging covid19 pandemic” said bob chapek ceo of the walt disney company disney expects capital expenditures in fiscal 2021 to be approximately 200 million lower than fiscal 2020 capital expenditures of 4 billion due to lower spending by the parks and resorts and facilities across the enterprise and technology for the directtoconsumer services news about the parks experiences and products segment “as the parks business continues its recovery and we see demand grow were now putting into action some of the amazing guestcentric services that weve been developing over the last few weeks these include magic key our recently announced new annual pass membership program at disneyland it provides great value and options for the bests that will be available starting on august 25th the reaction to the news from fans has been extremely positive additionally weve made significant investments in sophisticated technology and tools created a revolutionary new multitiered service were calling disney genie” said chapek disney genie will be a new app for park goers to help them determine what to do and when based on where guests are in the parks and what has the shortest wait times the app will allow for more customized suggested itineraries for guests as they tour the disney theme parks chapek continued to explain that disney genie would take consumer preferences and blend that with industrial engineering data to make suggestions on the fly to lead to improved guest experience and lead to substantial commercial opportunities for the company disney mentioned that walt disney world guests capacity levels are at or near daily capacity limits throughout the quarter disneyland increases attendance and capacity throughout the quarter particularly after the lifting of california restrictions june 15 disney is expecting parks to be fully studied by the end of calendar year 2021 to help with guest demand and capacity demand for the parks have increased but conventions and groups are continuing to cancel or move dates for large gatherings at the disney parks due to the increase in coronavirus cases around the country news about the disney media and entertainment distribution segment “as we said the direct to consumer business is the companys top priority among the unique advantages in promoting our service our power house brands and the best array of direct to consumer touch points that we have across our businesses from the media networks to the theme parks to the consumer products the synergy enables us to raise consumer awareness and engage with the screening services the power of the synergy will be on full display on november 12th when we celebrate disney day with an unprecedented companywide promotional campaign” said chapek disney day will include announcements on new titles new shows that have already been announced to be coming to disney later this fall include marvel’s hawkeye and a new star wars series the book of boba fett