Sunday, May 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Disney’s steep streaming costs push shares to 2-1/2-year low By Reuters

by Reuters
November 9, 2022
in Stock Market
Reading Time: 2 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Disney+ signage is seen above the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan/File Photo

By Eva Mathews

(Reuters) – Shares in Walt Disney (NYSE:) Co tumbled 12% to the lowest since March 2020 on Wednesday, as ballooning costs at the entertainment giant’s fast-growing streaming division cast a shadow on strong subscriber additions.

Disney+ has attracted millions of subscribers and will launch an ad-supported tier next month, but executives’ promise of profitability next year and forecast for operating results in the next quarter failed to impress.

The company missed analysts’ expectations for fourth-quarter earnings, after a $1.5 billion loss in its streaming division.

Disney’s streaming losses mount in the last 3 years https://graphics.reuters.com/DISNEY-RESULTS/byvrlogozve/chart.png

“Disney’s streaming results are indicative of the tightrope it is walking,” said Fred Boxa, associate director at consulting firm Arthur D. Little.

Finance chief Christine McCarthy, in a call with analysts on Tuesday, said the ad tier was not expected to meaningfully impact results until later in the financial year.

Subscriber growth in Disney+ was expected to accelerate in the second quarter, she added, a sign analysts said indicated a soft first quarter.

“As the platform aims for profitability, it’s placing some of that burden on its user base in the form of price hikes that could stall growth during a time of economic pinch,” said Mike Proulx, research director at Forrester.

A weaker-than-expected annual revenue growth forecast also dragged shares. Disney estimated a “high single-digit” percentage growth, while the Street was expecting 12%.

At least 13 brokerages cut their price targets on Disney stock.

McCarthy said streaming operating results would improve by at least $200 million in the first quarter of fiscal 2023, compared with the latest reported quarter.

“We expect that the ‘achieving profitability’ breakthrough will likely occur in the fourth quarter of fiscal 2024,” Morningstar analyst Neil Macker said.

Shares have fallen more than 35% this year, compared with a 20% drop in the , battered by a cautious outlook for ad sales and recessionary fears.



Source link

Tags: 212yearcostsDisneyspushReuterssharessteepStreaming
Previous Post

The media tried to raise a red tsunami, but the only thing washed away was their credibility

Next Post

Crypto Liquidations Exceed $830 Million As Bitcoin Crashes

Related Posts

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

by SA Transcripts
May 11, 2025
0

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Q1 2025 Earnings Convention Name Might 8, 2025 11:00 AM ET Firm Individuals Ken...

First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

by Index Investing News
May 11, 2025
0

First Capital Precise Property Funding Perception (OTC:FCXXF) Q1 2025 Earnings Conference Title Would possibly 7, 2025 2:00 PM ET Agency...

CCL Industries Inc. (CCDBF) Q1 2025 Earnings Call Transcript

CCL Industries Inc. (CCDBF) Q1 2025 Earnings Call Transcript

by SA Transcripts
May 11, 2025
0

CCL Industries Inc. (OTCPK:CCDBF) Q1 2025 Earnings Convention Name Could 8, 2025 7:30 AM ET Firm Members Sean Washchuk –...

NetScout Systems, Inc. (NTCT) Q4 2025 Earnings Call Transcript

NetScout Systems, Inc. (NTCT) Q4 2025 Earnings Call Transcript

by SA Transcripts
May 10, 2025
0

NetScout Techniques, Inc. (NASDAQ:NTCT) This autumn 2025 Outcomes Convention Name Might 8, 2025 8:30 AM ET Firm Individuals Tony Piazza...

Phibro Animal Well being Company (PAHC) Q3 2025 Earnings Name Transcript

Phibro Animal Well being Company (PAHC) Q3 2025 Earnings Name Transcript

by Index Investing News
May 10, 2025
0

Phibro Animal Effectively being Firm (NASDAQ:PAHC) Q3 2025 Earnings Conference Title May 8, 2025 9:00 AM ET Agency Members Glenn...

CeriBell, Inc. (CBLL) Q1 2025 Earnings Call Transcript

CeriBell, Inc. (CBLL) Q1 2025 Earnings Call Transcript

by SA Transcripts
May 10, 2025
0

CeriBell, Inc. (NASDAQ:CBLL) Q1 2025 Earnings Convention Name Might 8, 2025 4:30 PM ET Firm Individuals Xingjuan Chao - Co-Founder...

Next Post
Crypto Liquidations Exceed 0 Million As Bitcoin Crashes

Crypto Liquidations Exceed $830 Million As Bitcoin Crashes

How Advisors Can Thrive While Adapting to the Modern Landscape

How Advisors Can Thrive While Adapting to the Modern Landscape

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

May 11, 2025
Turkey Ready to Host Ukraine Peace Talks

Turkey Ready to Host Ukraine Peace Talks

May 11, 2025
As Trump and RFK Jr. Reach Into Parents’ Lives, Can Democrats Capitalize?

As Trump and RFK Jr. Reach Into Parents’ Lives, Can Democrats Capitalize?

May 11, 2025
Calm Prevails In Punjab, J&K, Rajasthan After Understanding Between India— Pakistan To Stop Military Actions

Calm Prevails In Punjab, J&K, Rajasthan After Understanding Between India— Pakistan To Stop Military Actions

May 11, 2025
First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

May 11, 2025
Altseason is coming, 40% each day beneficial properties to develop into ‘new regular’ — Analyst

Altseason is coming, 40% each day beneficial properties to develop into ‘new regular’ — Analyst

May 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

Turkey Ready to Host Ukraine Peace Talks

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In