Disney Exceeds Quarterly Profit Expectations But Begins To Loose Streaming Subscribers
Disney Exceeds Quarterly Profit Expectations But Begins To Loose Streaming Subscribers
In the streaming arena, Disney+ achieved profitability yet again, although it faced a slight dip of 1% in its subscriber count. On the bright side, while domestic subscriptions nudged up by about 1%, the international market faced a more significant challenge, witnessing a decline of around 2%. Currently, Disney+ boasts a total of 124.6 million paid subscribers, down from the 125.3 million at the end of the previous fiscal fourth quarter.
In contrast, Hulu is basking in the glow of rising popularity, with total subscriptions climbing 3% to hit 53.6 million during the same timeframe.
Looking ahead, Disney is tempering investor enthusiasm with a warning: they anticipate a “modest decline” in Disney+ subscribers in the upcoming second quarter, hinting that the road to sustained growth may be a bit bumpy.
#EmailSpotMarketing #EmailSpotLatestNews #SpreadTheWord #ShareWorldWideNews #KeepingYouUpToDate #EmailSpotBreakingNews #LatestNewsAndInfo #NewsAndInfo #WordAboutMarket #WordAboutBusiness #WorldWideInfo #WordlWideNews
Comments
Post a Comment