https://safirsoft.com Disney + lost this mark due to slow subscriber growth

The direct segment lost $630 million to the Disney consumer in the quarter. The company blamed more losses on Disney+ and to some extent ESPN+, which was partially offset by improved results with Hulu. Disney shares fell about eight percent as the news spread.

Disney announced a limited-time announcement earlier this week that new and returning Disney Plus subscribers can book their one-month membership for just $1.99. In the near future, the proposal - which is still valid for orders until the end of this coming weekend - was a precautionary measure to strengthen the subsidiaries in the current quarter.

For the quarter ending October 2, Disney It just added 2.1 million Disney+ subscribers, bringing its total to just over 118.1 million. That's still 60 percent more than a similar subscriber count last year, but Disney probably isn't interested in slowing growth.

CNBC notes that StreetAccount analysts expected 9.4 million new subscribers during the year. Be. Meanwhile, ESPN+ ended the quarter with 17.1 million subscribers and Hulu with 43.8 million subscribers, up 66% and 20% year-over-year, respectively.

Specifically, Disney+ with its programming, higher manufacturing, marketing, and costs Marketing and technology However, higher revenue and higher reach from Jungle Cruise and Black Widow helped cut losses.

Without doubt, the entertainment giant hopes for a stronger holiday quarter “This is the first time in Disney Plus history that Kristen McCarthy said, Disney's chief financial officer, in an interview with investors. Publish Geo.

Image credit of Kenrick Mills

Disney + lost this mark due to slow subscriber growth
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