The media company's streaming unit lost $18 million in the March quarter, an improvement from a $659 million loss in the year-earlier quarter. Chief Executive Bob Iger said the company is on track to achieve streaming profitability in the final quarter of the fiscal year that ends in September.Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year quarter. Diluted EPS decreased to a nominal loss due to goodwill impairments in the quarter, partially offset by higher operating income at Entertainment and Experiences.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).
How is Disney doing financially : Revenues for the quarter were comparable to the prior-year quarter at $23.5 billion. Diluted earnings per share (EPS) for the quarter increased to $1.04 from $0.70 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.22 from $0.99 in the prior-year quarter.
Is Netflix losing to Disney plus
Though Netflix is still dominating the streamers in terms of overall subscriber base, with nearly 220.7 million subscribers, Disney+ is catching up, with 152.2 million since launching in 2019.
Is Disney plus losing viewers : Disney+ lost a substantial number of subscribers by raising its prices at the end of 2023, which it could regain through increased universality with Hulu. Hulu has steadily increased its subscriber base since it launched in 2007, having a total of 48.5 million subscribers at the end of 2023.
Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business' losses by $300 million during the October-December period. 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.
What is the Disney prediction for 2025
I believe that if Disney can deliver on the projected cost cuts and streaming profitability, the company's earnings should increase considerably by 2025. Current consensus estimates call for growth of 17.3% and 19.9% in Disney's earnings per share in fiscal years 2024 and 2025, respectively.The Disney 100 Celebration, which celebrates 100 years of the Walt Disney Company, kicked off in January at Disneyland Resort. With special decor, merchandise, entertainment and more, here's everything we know about the Disney 100 Celebration at Disney World!Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way. 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.
Is Disney going to stop streaming : The misinformation is based on the headline from an article published by the Disney fan blog Inside the Magic. The body of the article explains what's really happening. Disney+ isn't going away. Disney, which also owns Hulu, is trying out a system that will allow Disney+ and Hulu to be accessed from the same app.
Why is Disney Plus declining : But visits to media piracy websites were on the rise in 2023, according to a new industry report by data firm MUSO. And as piracy shoots up, streamers' subscriber bases are dropping. Services like Disney+ and Hulu are steadily losing customers, with paid subscriptions down by as much as 7% by the end of the year.
Why is Disney Plus not streaming well
Check your internet connection
The distance between a streaming device and a Wi-Fi router. The number of devices connected to your network. Outage or network issue with your internet provider. 'Disney+ core subscribers decreased sequentially by 1.3 million, in line with prior guidance,' said Hugh Johnston, Disney's chief financial officer. 'While subscriber growth will vary from quarter to quarter, we are confident in our prospects for ongoing sub growth over the longer term.Disney's streaming business turns a profit in first financial report since challenge to Iger. The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit.
Why is Disney profit so low : In the U.S., Disney attributed the decrease in operating income to “the impact of the nonrenewal of carriage of certain networks by an affiliate” (a reference to Charter dropping eight cable networks last fall) and a decline in ad revenue reflecting lower average viewership.
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Antwort Is Disney losing money from streaming? Weitere Antworten – Is Disney losing money on streaming
The media company's streaming unit lost $18 million in the March quarter, an improvement from a $659 million loss in the year-earlier quarter. Chief Executive Bob Iger said the company is on track to achieve streaming profitability in the final quarter of the fiscal year that ends in September.Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year quarter. Diluted EPS decreased to a nominal loss due to goodwill impairments in the quarter, partially offset by higher operating income at Entertainment and Experiences.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).
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How is Disney doing financially : Revenues for the quarter were comparable to the prior-year quarter at $23.5 billion. Diluted earnings per share (EPS) for the quarter increased to $1.04 from $0.70 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.22 from $0.99 in the prior-year quarter.
Is Netflix losing to Disney plus
Though Netflix is still dominating the streamers in terms of overall subscriber base, with nearly 220.7 million subscribers, Disney+ is catching up, with 152.2 million since launching in 2019.
Is Disney plus losing viewers : Disney+ lost a substantial number of subscribers by raising its prices at the end of 2023, which it could regain through increased universality with Hulu. Hulu has steadily increased its subscriber base since it launched in 2007, having a total of 48.5 million subscribers at the end of 2023.
Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business' losses by $300 million during the October-December period.
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.
What is the Disney prediction for 2025
I believe that if Disney can deliver on the projected cost cuts and streaming profitability, the company's earnings should increase considerably by 2025. Current consensus estimates call for growth of 17.3% and 19.9% in Disney's earnings per share in fiscal years 2024 and 2025, respectively.The Disney 100 Celebration, which celebrates 100 years of the Walt Disney Company, kicked off in January at Disneyland Resort. With special decor, merchandise, entertainment and more, here's everything we know about the Disney 100 Celebration at Disney World!Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way.
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.
Is Disney going to stop streaming : The misinformation is based on the headline from an article published by the Disney fan blog Inside the Magic. The body of the article explains what's really happening. Disney+ isn't going away. Disney, which also owns Hulu, is trying out a system that will allow Disney+ and Hulu to be accessed from the same app.
Why is Disney Plus declining : But visits to media piracy websites were on the rise in 2023, according to a new industry report by data firm MUSO. And as piracy shoots up, streamers' subscriber bases are dropping. Services like Disney+ and Hulu are steadily losing customers, with paid subscriptions down by as much as 7% by the end of the year.
Why is Disney Plus not streaming well
Check your internet connection
The distance between a streaming device and a Wi-Fi router. The number of devices connected to your network. Outage or network issue with your internet provider.
'Disney+ core subscribers decreased sequentially by 1.3 million, in line with prior guidance,' said Hugh Johnston, Disney's chief financial officer. 'While subscriber growth will vary from quarter to quarter, we are confident in our prospects for ongoing sub growth over the longer term.Disney's streaming business turns a profit in first financial report since challenge to Iger. The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit.
Why is Disney profit so low : In the U.S., Disney attributed the decrease in operating income to “the impact of the nonrenewal of carriage of certain networks by an affiliate” (a reference to Charter dropping eight cable networks last fall) and a decline in ad revenue reflecting lower average viewership.