Walt Disney (NYSE:DIS) Second Quarter 2024 Results
Revenue: US$22.1b (up 1.2% from 2Q 2023). Net loss: US$20.0m (down by 102% from US$1.27b profit in 2Q 2023). US$0.011 loss per share (down from US$0.69 profit in 2Q 2023).Basically, we invested too much, way ahead of possible returns. It's what led to streaming ending up as a $4 billion loss.”The content deluge cost Disney dearly, both financially and in its quest to dethrone Netflix. The number of Disney+ subscribers has fallen from a high of 164.2 million in September 2022 to 149.6 million at the end of last year whereas Netflix has almost double that at 260 million.
What is the revenue of Disney streaming : $5.64 billion
Revenue rose 13% to $5.64 billion. For the combined streaming businesses, which includes Disney+, Hulu and ESPN+, second-quarter operating loss shrunk to $18 million from $659 million, while revenue improved to $6.19 billion from $5.51 billion. Disney+ core subscribers climbed by more than 6% in the second quarter.
Is Disney doing good financially
Strong earnings for its second quarter ending March 30 were reported. Revenues increased to $22.1 billion from $21.8 billion in the prior year quarter. But stocks fell even after it announced the streaming business turned a profit for the first time.
What will happen to Disney in 2024 : And starting January 9, 2024, guests will see even more changes: All-day Park Hopper access during park hours. No theme park reservations required for date-based tickets. Return of Disney dining plans for Disney Resort hotel guests as part of a package.
In total, Disney has lost more than $10 billion on its streaming service venture since it was introduced in 2019. On Disney's earnings call, Iger reiterated that the company is “confident” that its streaming services will achieve profitability by the end of 2024. Disney's entertainment streaming segment, anchored by Disney+, scored its first profitable quarter, helping to partially offset continued weakness in the media conglomerate's linear TV business for the first three months of 2024.
Who profits the most from Disney
Disney's Linear Networks currently generates the most revenue, but its Parks, Experiences and Products business is recovering from the COVID-19 pandemic and currently generates the most profits.They are often kept as souvenirs or collected by Disney memorabilia fans, but at Disney resorts, they can also be exchanged back to U.S. currency. Disney stopped distributing and printing the currency on May 14, 2016; however, they will still accept them in the future.Entertainment is the largest segment for Disney thanks to its robust streaming business. Following closely behind is Disney's experiences revenue, which is quickly growing with a 7% increase year over year in the first quarter of 2024. Disney's entertainment direct-to-consumer business, encompassing Disney+, Hulu and Disney+ Hotstar, turned a profit in the quarter: Operating income was $47 million (compared with a loss of $587 million a year ago) on revenue of $5.64 billion (up 13%) for the period, which was the company's Q2 of fiscal 2024.
Has Disney profits gone down : The largely in-line headline numbers and outlook underscore the years-long issues Disney has, as the $4.70 earnings per share guided by Disney is far lower than its full-year profits every year from 2015 to 2019, and analysts don't expect Disney to recapture its 2018 record profit until 2028.
Can Disney continue to grow : While the demand environment will be an important driver of earnings growth, our analysis points to at least 75 basis points of operating margin expansion in 2024, to 16.9%, on flat comp growth and 2% sales growth, translating to $15.71 of EPS.
How old will Disney be this year
The Walt Disney Company celebrated its 100th birthday on October 16, 2023, since the multinational mass media and entertainment conglomerate was founded on October 16, 1923, and fans are now looking ahead to the next 100 years. Total debt on the balance sheet as of December 2023 : $47.69 B. According to Walt Disney's latest financial reports the company's total debt is $47.69 B. A company's total debt is the sum of all current and non-current debts.There are rumors of further live-action Disney remakes on the way, but many fans seem unhappy with the idea of more classic cartoons being rebooted.
How profitable is Netflix vs Disney plus : One thing that was never close was the revenue race. Netflix's most-recent quarterly revenue was $8.162 billion; Disney's overall streaming revenue was $5.514 billion.
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Antwort How much is Disney losing money? Weitere Antworten – Is Disney losing money in 2024
Walt Disney (NYSE:DIS) Second Quarter 2024 Results
Revenue: US$22.1b (up 1.2% from 2Q 2023). Net loss: US$20.0m (down by 102% from US$1.27b profit in 2Q 2023). US$0.011 loss per share (down from US$0.69 profit in 2Q 2023).Basically, we invested too much, way ahead of possible returns. It's what led to streaming ending up as a $4 billion loss.”The content deluge cost Disney dearly, both financially and in its quest to dethrone Netflix. The number of Disney+ subscribers has fallen from a high of 164.2 million in September 2022 to 149.6 million at the end of last year whereas Netflix has almost double that at 260 million.
What is the revenue of Disney streaming : $5.64 billion
Revenue rose 13% to $5.64 billion. For the combined streaming businesses, which includes Disney+, Hulu and ESPN+, second-quarter operating loss shrunk to $18 million from $659 million, while revenue improved to $6.19 billion from $5.51 billion. Disney+ core subscribers climbed by more than 6% in the second quarter.
Is Disney doing good financially
Strong earnings for its second quarter ending March 30 were reported. Revenues increased to $22.1 billion from $21.8 billion in the prior year quarter. But stocks fell even after it announced the streaming business turned a profit for the first time.
What will happen to Disney in 2024 : And starting January 9, 2024, guests will see even more changes: All-day Park Hopper access during park hours. No theme park reservations required for date-based tickets. Return of Disney dining plans for Disney Resort hotel guests as part of a package.
In total, Disney has lost more than $10 billion on its streaming service venture since it was introduced in 2019. On Disney's earnings call, Iger reiterated that the company is “confident” that its streaming services will achieve profitability by the end of 2024.
Disney's entertainment streaming segment, anchored by Disney+, scored its first profitable quarter, helping to partially offset continued weakness in the media conglomerate's linear TV business for the first three months of 2024.
Who profits the most from Disney
Disney's Linear Networks currently generates the most revenue, but its Parks, Experiences and Products business is recovering from the COVID-19 pandemic and currently generates the most profits.They are often kept as souvenirs or collected by Disney memorabilia fans, but at Disney resorts, they can also be exchanged back to U.S. currency. Disney stopped distributing and printing the currency on May 14, 2016; however, they will still accept them in the future.Entertainment is the largest segment for Disney thanks to its robust streaming business. Following closely behind is Disney's experiences revenue, which is quickly growing with a 7% increase year over year in the first quarter of 2024.
Disney's entertainment direct-to-consumer business, encompassing Disney+, Hulu and Disney+ Hotstar, turned a profit in the quarter: Operating income was $47 million (compared with a loss of $587 million a year ago) on revenue of $5.64 billion (up 13%) for the period, which was the company's Q2 of fiscal 2024.
Has Disney profits gone down : The largely in-line headline numbers and outlook underscore the years-long issues Disney has, as the $4.70 earnings per share guided by Disney is far lower than its full-year profits every year from 2015 to 2019, and analysts don't expect Disney to recapture its 2018 record profit until 2028.
Can Disney continue to grow : While the demand environment will be an important driver of earnings growth, our analysis points to at least 75 basis points of operating margin expansion in 2024, to 16.9%, on flat comp growth and 2% sales growth, translating to $15.71 of EPS.
How old will Disney be this year
The Walt Disney Company celebrated its 100th birthday on October 16, 2023, since the multinational mass media and entertainment conglomerate was founded on October 16, 1923, and fans are now looking ahead to the next 100 years.
Total debt on the balance sheet as of December 2023 : $47.69 B. According to Walt Disney's latest financial reports the company's total debt is $47.69 B. A company's total debt is the sum of all current and non-current debts.There are rumors of further live-action Disney remakes on the way, but many fans seem unhappy with the idea of more classic cartoons being rebooted.
How profitable is Netflix vs Disney plus : One thing that was never close was the revenue race. Netflix's most-recent quarterly revenue was $8.162 billion; Disney's overall streaming revenue was $5.514 billion.