Today Disney held a meeting with investors to discuss its financial woes for the past fiscal year, where interesting announcements were made such as the confirmation Moana d For the end of this year and also association Fortnite To expand into video games. However, the negative part cannot be absent and it is directly related to the subscribers to its streaming platform, which does not have the expected number.
The news highlights that the company grew from 112.6 million subscribers on September 30, 2023 to 111.3 million on December 30, 2023. It also shared that huluOn the other hand, it gained 1.2 million subscribers as it reached 45.1 million from 43.9 million in the same period. Which will not affect the company too much, as they can recover some of the losses with price hikes which were not done long ago.
For its part, the conference was told that in other parts of the company, Disney Its experience set all-time records in first-quarter revenue, operating income and operating margin for the segment, incl Disney Park. It also brought in revenue for the quarter that was comparable to the prior-year quarter at $23.5 billion. So when interactive sections like those in between add to the charm Star Wars and Pixar.
Here is what is referred to by Robert A. IgerExecutive Director The Walt Disney Company:
Just over a year ago, we outlined an ambitious plan to return The Walt Disney Company to a period of sustained growth and shareholder value creation. Our strong performance last quarter shows that we have turned a corner and entered a new era for our company, focused on strengthening ESPN for the future, turning streaming into a profitable growth business, revitalizing our film studios and growing our parks and experiences. .
In conclusion, they lost a more or less significant number of subscribers, but nevertheless the ship floats in other directions and streaming profits remain stable, despite all the price increases that aided the process. And there are people waiting for future programs that they want to watch as they premiere on the platform.
Through: IGN
Editor’s note: It looks like this year is looking even better for Disney, as there are early Pixar releases that never made it to theaters, this is the first sign, to which we add collaborations with Fortnite and not to mention Deadpool paints to save the MCU. We will have to wait and see.
