Disney revealed its quarterly business results for the fourth fiscal quarter, which came in below expectations.<\/p>\n\n\n\n
Earnings per share: 30 cents versus Refinitiv’s forecast of 55 cents<\/p>\n\n\n\n
Revenue: $20.15 billion compared to forecast of $21.24 billion<\/p>\n\n\n\n
Number of Disney Plus subscriptions: up 12.1 million to 164.2 million at the end of the fiscal quarter, above expectations of 160.45 million<\/p>\n\n\n\n
The total number of subscriptions to Hulu reached 47.2 million levels, while the total number of subscriptions to ESPN + reached about 24.3 million, and the total number of subscriptions to the three services combined reached 235 million, compared to 223 million in Netflix.<\/p>\n\n\n\n
For his part, Bob Chapek, Chairman of the Disney Board of Directors, stated that Disney+ will achieve profitability in the fiscal year 2024.<\/p>\n\n\n\n
The company is preparing to raise service prices next month, and plans to add an ad-supported package, which it expects will contribute to boosting revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
Disney revealed its quarterly business results for the fourth fiscal quarter, which came in below expectations. Earnings per share: 30 cents versus Refinitiv’s forecast of 55 cents Revenue: $20.15 billion compared to forecast of $21.24 billion Number of Disney Plus subscriptions: up 12.1 million to 164.2 million at the end of the fiscal quarter, above …<\/p>\n","protected":false},"author":9,"featured_media":58123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1,36],"tags":[7999,7113,7799],"class_list":["post-75361","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-general","category-market-updates","tag-disney","tag-earnings","tag-netflix"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75361"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75361\/revisions"}],"predecessor-version":[{"id":75362,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75361\/revisions\/75362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58123"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}