The Hollywood giant hit 137.7 million paid subscribers but has to keep up the momentum to meet its own 230 million to 260 million target by 2024 — and have Disney+ be break even at that point.
Bank of America’s Jessica Reif Ehrlich noted in a report entitled “A Multiverse of Moving Parts”: “Disney’s fiscal second-quarter results were largely positive although management commentary on second-half Disney+ net adds are likely to be a key concern among investors. While Disney+ net adds of 7.9 million beat our 5 million forecast, management indicated second-half net adds will not be significantly higher than in the first half.
While reiterating her “buy” rating, she lowered her price target from $191 to $140, which she noted is 23 times her 2023
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Disney Earnings News: DIS makes streaming strides against Netflix but misses expectationsThe Walt Disney Company (DIS) brought a little magic to an earnings season beset by forecast misses on Wednesday. Yes, it also missed Wall Street cons
Les mer »
Disney+ adds 8 million subscribers, avoiding Netflix streaming slumpDisney's marquee streaming service beat Wall Street expectations. But earnings and revenue missed projections.
Les mer »
Disney avoids Netflix's fate as streaming subscriptions growDisney’s streaming numbers were under the microscope on Wednesday after Netflix’s stock tanked last following its first subscriber loss in a decade. Luckily for the House of Mouse and its investors, Disney+ grew.
Les mer »
Disney tops 200 million subscribers across all streaming servicesDisney is quickly closing in on Netflix's long-established streaming lead.
Les mer »
Disney stock gains as streaming additions overcome earnings, revenue missThe Walt Disney Co. disappointed Wall Street with earnings and revenue results, but added more streaming subscribers than expected. $DIS posted fiscal Q2 net income of $470 million, or 26 cents a share, on sales of $19.25 billion.
Les mer »
Disney+ Hits 137.7M Subscribers, Beating Wall Street Expectations in StreamingHulu added 300,000 subscribers to reach 45.6 million subs and ESPN+ added 1 million subscribers to reach 22.3 million.
Les mer »