Disney+ Core Subs Top 120 Million as Streaming Biz Profit Grows, ‘Inside Out 2,’ ‘Deadpool & Wolverine’ Drive Film Results
Disney ended its 2024 fiscal year with 122.7 million Disney+ Core paid subscribers, an increase of 4.4 million subs over the September quarter three month period — better than expected.
In reporting fiscal Q4 2024 results that beat Wall Street forecasts, Disney’s overall streaming business stood out as profitability increased with operating income at $321 million, compared with a loss of $387 million in the year-ago period. That came after the Mouse House’s direct-to-consumer biz posted its first operating profit (of $47 million) the prior quarter. Disney also projected roughly $1 billion in operating profit from its Disney+ and Hulu entertainment streaming businesses for fiscal 2025.
During a call with investors later Thursday,...
In reporting fiscal Q4 2024 results that beat Wall Street forecasts, Disney’s overall streaming business stood out as profitability increased with operating income at $321 million, compared with a loss of $387 million in the year-ago period. That came after the Mouse House’s direct-to-consumer biz posted its first operating profit (of $47 million) the prior quarter. Disney also projected roughly $1 billion in operating profit from its Disney+ and Hulu entertainment streaming businesses for fiscal 2025.
During a call with investors later Thursday,...
- 11/14/2024
- by Jennifer Maas
- Variety - TV News
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