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).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.$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.
How big is Disney financially
Disney revenue for the twelve months ending March 31, 2024 was $89.203B, a 2.55% increase year-over-year. Disney annual revenue for 2023 was $88.898B, a 7.47% increase from 2022. Disney annual revenue for 2022 was $82.722B, a 22.7% increase from 2021.
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.
No, we are not detecting any problems with Disney Plus right now. The last outage detected for Disney Plus was on Thursday, May 16, 2024 with a duration of about 33 minutes. 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.
Is Disney plus doing well
Disney Plus had 137.7 million subscribers in the second quarter of 2022, a 37% increase on the same time in the previous year.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.According to Forbes, Iger's estimated net worth was about $690 million as of 2019. 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.
What is code 42 on Disney Plus : This is likely an internet or network connection issue. Possible causes include: Unstable or slow internet connection. Weak Wi-Fi signal.
Is Disney Plus running slow : Video Buffering or Lagging. Buffering issues can be caused due to multiple reasons like inconsistent internet speed or network issues. We recommend that you check your internet connection. We recommend having a bandwidth of 8 Mbps to watch content.
Why is Disney losing so much money
Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. All the decline came from a low-priced version of Disney+ in India. Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches. 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.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 still losing money : 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.
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Antwort Is Disney Plus 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).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.$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.
How big is Disney financially
Disney revenue for the twelve months ending March 31, 2024 was $89.203B, a 2.55% increase year-over-year. Disney annual revenue for 2023 was $88.898B, a 7.47% increase from 2022. Disney annual revenue for 2022 was $82.722B, a 22.7% increase from 2021.
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.
No, we are not detecting any problems with Disney Plus right now. The last outage detected for Disney Plus was on Thursday, May 16, 2024 with a duration of about 33 minutes.
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.
Is Disney plus doing well
Disney Plus had 137.7 million subscribers in the second quarter of 2022, a 37% increase on the same time in the previous year.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.According to Forbes, Iger's estimated net worth was about $690 million as of 2019.
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.
What is code 42 on Disney Plus : This is likely an internet or network connection issue. Possible causes include: Unstable or slow internet connection. Weak Wi-Fi signal.
Is Disney Plus running slow : Video Buffering or Lagging. Buffering issues can be caused due to multiple reasons like inconsistent internet speed or network issues. We recommend that you check your internet connection. We recommend having a bandwidth of 8 Mbps to watch content.
Why is Disney losing so much money
Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. All the decline came from a low-priced version of Disney+ in India. Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches.
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.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 still losing money : 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.