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Disney posts mixed results as streaming growth is offset by legacy TV declines
Disney's final streaming subscriber report shows nearly 128 million Disney+ and 55.5 million Hulu users amid ongoing declines in traditional TV ad revenue, investors said.
- On Thursday, The Walt Disney Company will report quarterly earnings with Wall Street expecting $1.05 EPS and $22.75 billion revenue; this is the last report of streaming subscriber totals and ARPU for Disney+ and Hulu.
- Cord-Cutting has eroded ad revenue and operating income at ABC, ESPN and FX, and Disney is following Netflix by stopping routine subscriber disclosures.
- In August Disney reported nearly 128 million Disney+ subscribers and 55.5 million Hulu subscribers, and media outlets reported an exodus of subscribers after briefly suspending 'Jimmy Kimmel Live!' and launching an ESPN app and price hikes.
- Beginning with the fiscal fourth quarter, ESPN+ metrics will no longer appear in Disney's public disclosures, removing subscriber and ARPU data for the streaming service.
- Disney following Netflix reshapes investor tracking of streaming metrics as Disney+ halts subscriber updates, notable given nearly 128 million Disney+ subscribers amid shifting investor focus to streaming growth and weaker traditional-TV trends.
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
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