Overall Disney's streaming business lost $387 million in its Q4, a year-over-year improvement of 74% from a loss of $1.4 billion in the company's Q4 2022.

Did Disney lose 512 million?

Disney's direct-to-consumer (DTC) business lost $512 million in the June quarter. That's actually quite a pleasant surprise — analysts expected a loss of $758 million. It's also an improvement: Disney DTC lost $659 million in fiscal Q2 (January-March 2023) and $1 billion in fiscal Q1 (October-December 2022).

Is Disney losing money 2023?

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.

Which streaming service is losing money?

Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Disney has followed suit. Since then, both have set subscription numbers aside in favor of advertising, a password-sharing crackdown and raising prices.

Why is Disney losing subscribers?

In February, returning CEO Bob Iger said Disney would no longer provide subscriber forecasts, matching a decision at Netflix Inc. Disney+ has been losing customers to price increases, as well as collapsing demand in India after the company failed to win cricket streaming rights.

Disney Is LOSING MONEY On Streaming | Disney Has Lost 4 BILLION!!

Is Disney losing money now?

Disney's linear TV business continues to slip, with revenues declining 9% in the fourth quarter compared to last year – an even larger decline than in its recent third quarter, when revenue fell 7%.

Why did YouTube drop Disney?

Live streaming service YouTube TV has removed Disney channels including ESPN, FX, National Geographic and local ABC stations after parent company Google and The Walt Disney Co. failed to reach a new deal.

Is Disney on the decline?

Source: Bloomberg research, Walt Disney Co. All told, Disney officials have indicated that visitors spend 40% more per day in US parks than they did pre-pandemic. The company's operating income from parks and experiences fell 13% last quarter, but was still 24% above where it was in 2019.

How is Disney losing money on Disney+?

Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. All the decline came from a low-priced version of Disney+ in India. Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches.

What is the richest streaming service?

Between the first and the third quarters of 2021, Disney+ ranked first among video streaming apps in the United States with almost 160 million U.S. dollars of revenue. HBO Max ranked second with 154 million U.S. dollars, while Hulu followed with 74 million U.S. dollars generated in the examined period.

What is happening to Disney in 2024?

Walt Disney World Resort has just announced some exciting changes that will make the guest experience even more magical. Starting January 9, 2024, guests with Park Hopper benefits or an Annual Pass will be able to visit another theme park at any time during park hours.

Is Disney losing Mickey Mouse?

In 1928, copyrights lasted for 28 years, with the option for renewal of another 28 years. As of 2023, Mickey Mouse was published almost 95 years ago. The copyright of the original Mickey Mouse character – as it appeared in “Steamboat Willie” – expires on January 1, 2024.

Why is Disney stock falling?

Declining foot traffic at its theme parks, fewer Disney+ subscribers, numerous money-losing films, and uncertainty about the direction of many of its franchises are just a few of its problems. Consequently, Disney stock is down to lows last seen in 2014.

How much is Walt Disney in debt?

Total debt on the balance sheet as of September 2023 : $46.43 B. According to Walt Disney's latest financial reports the company's total debt is $46.43 B. A company's total debt is the sum of all current and non-current debts.

Has Disney lost money on its last 8 movies?

A well-known Box office analyst has estimated that the Walt Disney Co. has lost over $890 million on their last eight studio releases.

Who owns the biggest percentage of Disney?

Is Disney performing well financially?

"Walt Disney World is still performing well above pre-COVID levels, 21% higher in revenue and 29% higher in operating income compared to fiscal 2019, adjusting for Star Cruiser accelerated depreciation," Iger said.

How is Disney doing financially 2023?

BURBANK, Calif. –The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and full year ended September 30, 2023. Financial Results for the Quarter and Full Year: Revenues for the quarter and year grew 5% and 7% compared to the prior-year quarter and prior year, respectively.

Is Disney losing or gaining money?

Disney swung to a net loss of $460 million, or 25 cents per share, for the quarter ended July 1 from a net income of $1.41 billion, or 77 cents per share, during the year-ago period. Excluding those impairments, the company earned an adjusted $1.03 per share.

Who is the CEO of Disney?

Nov 28 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told employees he faced a "myriad of challenges" upon returning to the company but he remained upbeat about its prospects.

Why are Disney profits down?

Disney reported a 23% decline in profit, to $1.89 billion, in traditional TV — underscoring the troubles confronting that division. The business, which includes channels such as ABC and ESPN, has been buffeted by falling cable subscribers, lower broadcast advertising sales and higher programming costs for sports.

Where did Disney lose subscribers?

The bulk of the subscription loss came in India, where Disney+ Hotstar dropped by 24%, going from 52.9 million to 40.4 million.

Why did Disney take away ESPN?

Nearly 15 million cable viewers lost access to ESPN, ABC and other Disney-owned channels over Labor Day weekend when the global entertainment company and cable giant Charter Communications failed to renew a distribution deal.

Did YouTube TV pull Disney-owned channels after failing to reach deal?

After failing to reach a deal with Disney (DIS) on Friday, YouTube TV dropped Disney (DIS)-owned channels such as ESPN and ABC on its platform. It also lowered the monthly subscription price to its platform by $15. Negotiations between the two companies have been going on for months.