Connect with us

Hi, what are you looking for?


Disney Says to Focus on Revenue and Profit, Not Streaming Subscribers

Disney tried to follow suit with a number of big companies within the media and entertainment industries by telling their investors that their focus should be rooted in revenue and profits, and not in streaming subscriber growth.

It apparently didn’t go as initially planned.

Disney added 12.1 million Disney+ subscribers and 14.6 million total direct-to-consumer customers in its fiscal fourth quarter, according to CNBC, which toppled the numbers reported by Netflix for the quarter.

However, Disney shares fell 6% after hours.

“We expect our DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming we do not see a meaningful shift in the economic climate,” Disney Chief Executive Officer Bob Chapek said in a statement.

During Disney’s earnings conference call, Disney Chief Financial Officer Christine McCarthy said that operating losses will improve by about $200 million next quarter and will be even lower in the fiscal second quarter of 2023.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

You May Also Like


A new patch for Assassin’s Creed Odyssey has arrived and with it comes the transmog, and increased level cap, and a new Mercenary Benefits...


A new patch for No Man’s Sky has arrived and update 1.55 is officially rolled out for the PC, PlayStation 4 and Xbox One, addressing...


When Destiny 2: Forsaken officially drops on September 4th on PC, PS4, and Xbox One, a lot of changes are going to be implemented, some...


PlayerUnknown’s Battlegrounds is set to arrive on Playstation 4 in December after it appeared in the Playstation 4 store database, discovered by a member...