Disney reported its quarterly performance with an increase of over 6 million Disney+ subscribers worldwide, reaching a total of 117.6 million accounts. Hulu also saw growth to 50.2 million accounts, while ESPN+ has 24.8 million accounts.
A significant highlight is the Direct-to-Consumer business segment turning a profit for the first time after previous losses. This segment generated $5.642 billion in revenue, a 14% increase, with an operating profit of $47 million. Disney attributes this success to the growing number of subscribers and increased subscription prices.
CEO Bob Iger stated that the quarter’s performance has seen strong growth in the streaming and theme park businesses.
Source: CNBC
TLDR: Disney’s Direct-to-Consumer segment turned a profit for the first time, driven by increased subscriber numbers and higher subscription prices. CEO Bob Iger highlighted strong growth in streaming and theme park businesses.
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