It misses Wall Street expectations on revenue in its fiscal Q4, but leadership says the Parks division had its best year ever.
“The rapid growth of Disney+ in just three years since launch is a direct result of our strategic decision to invest heavily in creating incredible content and rolling out the service internationally, and 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,” Chapek said.
Notably, average revenue per user fell at both Disney+ and Hulu, with the company citing more subscribers to the Disney Bundle as one of the reasons.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Unlock the hidden magic aboard the 'Disney Wish,' Disney Cruise Line's newest shipEmbark on a tropical getaway aboard Disney's newest ship, 'Disney Wish' 🌴🚢 Disney is the parent company of ABC Localish.
Les mer »
Disney+ Powers Japan Streaming Market Growth in Third Quarter, Research FindsDisney+ was the biggest component of the growth in the Japanese streaming market in the July to September quarter. It overtook Hulu Japan to become the third largest streamer in the country, accord…
Les mer »
“The Queen’s Umbrella” Soars To Its Highest Ratings YettvN’s “The Queen’s Umbrella” has wrapped up the first half of its run on a new all-time high! On November 6, viewership ratings for the historical drama starring Kim Hye Soo climbed back up into the double digits. According to Nielsen Korea, the eighth episode of “The Queen’s Umbrella” scored an average nationwide rating of
Les mer »
Trump SPAC partner Digital World Acquisition Corp (DWAC) soars 32% to start weekDigitalWorld Acquisition Corp has postponed merger extension to Nov. 22, $DWAC stock trades above $23 in pre-market. Donald Trump has hinted that he may announce his run for 2024 presidency after mid-terms by claymarkets stocks trading
Les mer »
UK businesses fear gloomy Christmas as cost of living soarsBritish businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted terms.
Les mer »
$1 million Powerball ticket sold in Doylestown, Bucks County as jackpot soarsThe $1 million-winning ticket matched five of the five white balls drawn, 28-45-53-56-69.
Les mer »