Stay updated with breaking news from Disney Subscribers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Disney reports quarterly revenue of $21.2 billion, up from last year. Even with subscriber growth, streaming suffers $387 million loss. Cuts costs by $7.5 billion.
Disney's streaming service has attracted nearly seven million new subscribers, the company said Wednesday, reversing a period of decline that had raised doubts about its rivalry with industry leader
Disney reports quarterly revenue of $21.2 billion, up from last year. Even with subscriber growth, streaming suffers $387 million loss. Cuts costs by $7.5 billion.
Disney reported a decline in subscribers to its streaming service and a net loss of $460 million, but shares rose by 2.5%. The loss in subscribers was mainly attributed to its Indian business and the loss of streaming rights for the Indian Premier League.
Disney+ password sharing crackdown might come into effect by 2024.