Netflix has reported impressive growth, adding 19 million subscribers and increasing revenue by 16% to $10.2 billion, which showcases its robust position in the streaming market. By upping prices for various subscription tiers, Netflix not only enhances revenue prospects but also boosts profit margins for the future. Conversely, Disney’s streaming services, particularly Disney+, have accrued substantial losses since their launch, leading to investor doubts despite a modest operating profit. With recent management changes and forecasts of improved performance, Disney still faces an uphill battle in competing effectively with Netflix.
Disney's streaming services, particularly Disney+, have faced significant losses, totaling as much as $11 billion since its inception in 2019, raising investor skepticism.
Netflix's recent earnings report showcased a remarkable subscriber growth of 19 million, pushing its total to 301.6 million, and revenue growth of 16% to $10.2 billion.
While Netflix is seeing success with its price increases, Disney's streaming, despite modest profits, continues to struggle, leading to uncertainty among investors.
Disney management has optimistically forecasted higher operating profits through its streaming units, including both Disney+ and Hulu, although investor skepticism remains.
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