Disney Stock Slumps After Streaming Growth Stalls

, up just 2.1 million over the prior period and a gain that fell far short of consensus estimates of about 10 million net adds.

Still, multiple Wall Street analysts cut their price targets on Disney’s stock in the wake of the disappointing earnings report for the company’s fiscal Q4 2021. Disney management “insisted that their data showed a nice correlation between new original content and subscriber growth,” analyst Michael Nathanson wrote in a note Thursday. “In general, that makes complete sense, as new content is the flywheel for subscriber growth . Yet, we wonder if Disney+ is too narrow a product and requires much greater investment in non-Disney content to widen out the product’s appeal.

Two years ago many believed Disney+ would be the Netflix killer but it has grown strongly over the last two years as the one massive mistake all studios streaming services did was wait until six years after Netflix started making own content lessened their need for studio content

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney Reports Slowing Disney+ Subscriber GrowthDisney reported slowing subscriber growth at its streaming service and lackluster profits, sending shares lower in after-hours trading 불가능을 가능케 하는 예수님 보혈입니다 메시아의_오심이_가깝습니다 HisComingIsNigh Go woke, go broke Are Disney execs going to buy another franchise to fatten their monopoly then?
Source: WSJ - 🏆 98. / 63 Read more »

Disney Stock Sags After Q4 Results Miss Wall Street ForecastsDisney missed Wall Street forecasts in its fiscal fourth quarter amid a slowdown in streaming, despite a swing back to profit from the depths of the Covid-bedeviled 2020 quarter. The company’… This is all Scarlett Johansson’s fault!!!!
Source: DEADLINE - 🏆 109. / 63 Read more »