Disney, one of the world’s largest entertainment companies, shared its financial report as of the 4th quarter of 2023 for its digital streaming platform Disney +. Thus, the number of subscribers and the revenue generated were revealed. Here are the details…
Disney+ exceeded expectations: Here are the number of users
Disney+When we look at the 4th quarter report of , the number of subscribers of the service 150 millionWe see that it goes to . This number was in the previous quarter 146.7 milliondu. To make a comparison for this Huluof 48.5 million, ESPN+if ‘s 26 million has subscribers.
When it comes to the money side, Disney+ in the 4th quarter $21.2 billion with income 82 cents We see that it produces earnings per share. At this point Wall Street $20.1 billion with income 68 cents forecast earnings per share. Well The company exceeded expectations.
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Disney has recently taken various steps to reduce costs considerably. In this context, many highly anticipated productions prepared for Disney + were canceled. These steps seem to have affected the company’s income.
Disney CEO Bob Iger said in a letter to company shareholders;
“Our results this quarter reflect the significant progress we made last year. While we still have work to do, these efforts have allowed us to move beyond this correction period and begin rebuilding our businesses.
We have a solid foundation of creative excellence and innovation that we have built over the past century, reinforced by the significant restructuring and cost efficiency efforts we have undertaken this year, and we are on track for approximately $7.5 billion in cost reductions. Combined with our portfolio of valuable businesses, brands and assets and the way we manage them together, Disney has a strong hand that sets us apart from others in our industry.
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Growth in our parks and experience businesses. “We have already made significant progress in these four areas and will continue to move forward with a sense of purpose and urgency, and I am optimistic about the opportunities we have before us to create lasting growth and increase shareholder value.”