In a much-needed win for the Mouse House, the Walt Disney Company has announced that its Disney Plus streaming service has become profitable for the first time in its history. Disney made the announcement when it revealed its Q2 2024 earnings before the bell this morning.Despite this, Disney+ has burned up more than $11.4 billion of operating losses since it was launched and isn't forecast to even make a profit until the end of the year. It would have been so easy to prevent this from happening.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).
Is Disney Plus success : Disney Plus looks to be the third-pillar for many consumers, alongside Netflix and Amazon Prime. With over 150 million subscribers as of 2022, it has scaled far faster than rival services which launched at similar times, such as HBO Max and Peacock.
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.
Is Disney+ for money : The final cost of Disney+ depends on whether you're willing to put up with ads. While the ad-supported Basic plan is $7.99 a month, users can get an ad-free Premium subscription for $13.99 a month or $139.99 a year.
SAN FRANCISCO (AP) — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. CEO Bob Iger said the company is on track to make its streaming services profitable. 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 doing good financially
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. Theme parks also continued to do well and the company boosted its outlook for the year.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.Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. Disney gross profit for the quarter ending December 31, 2023 was $7.962B, a 11.73% increase year-over-year. Wall Street rates both Netflix and Disney stock as a "moderate buy." In terms of valuation, Netflix trades at 35 times forward 2025 earnings, compared to Disney's forward price-to-earnings multiple of 24x. While Disney's stock is cheaper, analysts also expect Netflix to grow faster over the next two years.
Is Netflix still profitable : Net income was $2.3 billion, compared with $1.3 billion in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income. Analysts on average had projected that Netflix would increase its customer base by around 5.5 million subscribers, according to FactSet.
Does Netflix make a profit : Netflix's profit compared to other DTC businesses
In 2023, the operating profit of Netflix amounted to around seven billion U.S. dollars, while Paramount, for example, reported DTC losses of nearly two billion U.S. dollars that year. Disney's losses exceeded two billion U.S. dollars.
Is Disney in any debt
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. Key stat: Netflix will overtake Disney+ in ad revenues next year, amassing $1.03 billion versus Disney's $911.9 million, per our forecast. Beyond the chart: Disney+ will account for less viewing time in 2024 (8 minutes a day) than Netflix (32 minutes a day), per our forecasts.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. The article's headline is just misleading clickbait designed to draw people's attention. Copyright 2023 Scripps Media, Inc.
Who is richer, Disney or Netflix : Based on Monday's closing share prices, Netflix (which closed Monday at $679.33) is now valued at $301 billion, compared with $288 billion for Disney.
![Kladsko-5-malý-Karlův-Most[1]](https://www.einarstrayorchestra.com/wp-content/uploads/2024/06/Kladsko-5-maly-Karluv-Most1-1024x692-250x120.jpg)
![Stubai[1]](https://www.einarstrayorchestra.com/wp-content/uploads/2024/06/Stubai1-250x120.jpg)
Antwort Will Disney Plus make money? Weitere Antworten – Will Disney Plus ever be profitable
In a much-needed win for the Mouse House, the Walt Disney Company has announced that its Disney Plus streaming service has become profitable for the first time in its history. Disney made the announcement when it revealed its Q2 2024 earnings before the bell this morning.Despite this, Disney+ has burned up more than $11.4 billion of operating losses since it was launched and isn't forecast to even make a profit until the end of the year. It would have been so easy to prevent this from happening.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).
Is Disney Plus success : Disney Plus looks to be the third-pillar for many consumers, alongside Netflix and Amazon Prime. With over 150 million subscribers as of 2022, it has scaled far faster than rival services which launched at similar times, such as HBO Max and Peacock.
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.
Is Disney+ for money : The final cost of Disney+ depends on whether you're willing to put up with ads. While the ad-supported Basic plan is $7.99 a month, users can get an ad-free Premium subscription for $13.99 a month or $139.99 a year.
SAN FRANCISCO (AP) — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. CEO Bob Iger said the company is on track to make its streaming services profitable.
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 doing good financially
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. Theme parks also continued to do well and the company boosted its outlook for the year.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.Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. Disney gross profit for the quarter ending December 31, 2023 was $7.962B, a 11.73% increase year-over-year.
Wall Street rates both Netflix and Disney stock as a "moderate buy." In terms of valuation, Netflix trades at 35 times forward 2025 earnings, compared to Disney's forward price-to-earnings multiple of 24x. While Disney's stock is cheaper, analysts also expect Netflix to grow faster over the next two years.
Is Netflix still profitable : Net income was $2.3 billion, compared with $1.3 billion in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income. Analysts on average had projected that Netflix would increase its customer base by around 5.5 million subscribers, according to FactSet.
Does Netflix make a profit : Netflix's profit compared to other DTC businesses
In 2023, the operating profit of Netflix amounted to around seven billion U.S. dollars, while Paramount, for example, reported DTC losses of nearly two billion U.S. dollars that year. Disney's losses exceeded two billion U.S. dollars.
Is Disney in any debt
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.
Key stat: Netflix will overtake Disney+ in ad revenues next year, amassing $1.03 billion versus Disney's $911.9 million, per our forecast. Beyond the chart: Disney+ will account for less viewing time in 2024 (8 minutes a day) than Netflix (32 minutes a day), per our forecasts.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. The article's headline is just misleading clickbait designed to draw people's attention. Copyright 2023 Scripps Media, Inc.
Who is richer, Disney or Netflix : Based on Monday's closing share prices, Netflix (which closed Monday at $679.33) is now valued at $301 billion, compared with $288 billion for Disney.