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% Disney misses on revenue and earnings but tops subscriber predictions <h6>Sections</h6> <h6>Axios Local</h6> <h6>Axios gets you smarter faster with news &amp information that matters </h6> <h6>About</h6> <h6>Subscribe</h6> <h1>Disney misses on revenue and earnings but tops subscriber predictions</h1>, author of Photo by Joe Raedle/Getty Images Disney&#x27;s stock was down more than 6% in after-hours trading after the entertainment giant said it missed Wall Street expectations on revenue and earnings for its fourth fiscal quarter, but surpassed expectations on streaming subscriber additions. Why it matters: Investors are looking for signs that Disney&#x27;s streaming division is still on a steady path to profitability. But the economy looks to be taking a toll on some of Disney&#x27;s financials.
Christopher Lee Member
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% Disney misses on revenue and earnings but tops subscriber predictions
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Disney misses on revenue and earnings but tops subscriber predictions

, author of Photo by Joe Raedle/Getty Images Disney's stock was down more than 6% in after-hours trading after the entertainment giant said it missed Wall Street expectations on revenue and earnings for its fourth fiscal quarter, but surpassed expectations on streaming subscriber additions. Why it matters: Investors are looking for signs that Disney's streaming division is still on a steady path to profitability. But the economy looks to be taking a toll on some of Disney's financials.
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Sebastian Silva 1 minutes ago
Details: On Tuesday, Disney CEO Bob Chapek said in a letter to investors that the company expects it...
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Liam Wilson 1 minutes ago
Losses, it said, were partially offset by improved results at ESPN+. Disney said that the average mo...
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Details: On Tuesday, Disney CEO Bob Chapek said in a letter to investors that the company expects its streaming unit&#x27;s operating losses &quot;to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024,&quot; assuming the economy doesn&#x27;t shift meaningfully. Last quarter, Disney lost $1.47 billion on its direct-to-consumer streaming division, more than double the amount it lost the same quarter the year prior. Disney blamed the increased expenses on revenue losses at Disney+ and a decrease in results at Hulu.
William Brown Member
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Details: On Tuesday, Disney CEO Bob Chapek said in a letter to investors that the company expects its streaming unit's operating losses "to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024," assuming the economy doesn't shift meaningfully. Last quarter, Disney lost $1.47 billion on its direct-to-consumer streaming division, more than double the amount it lost the same quarter the year prior. Disney blamed the increased expenses on revenue losses at Disney+ and a decrease in results at Hulu.
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Losses, it said, were partially offset by improved results at ESPN+. Disney said that the average monthly revenue per paid subscriber (ARPU) last quarter in the U.S. for Disney+, for Disney+ Hotstar in India and for Hulu&#x27;s on-demand service was down compared to the same quarter the year prior.
Joseph Kim Member
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Losses, it said, were partially offset by improved results at ESPN+. Disney said that the average monthly revenue per paid subscriber (ARPU) last quarter in the U.S. for Disney+, for Disney+ Hotstar in India and for Hulu's on-demand service was down compared to the same quarter the year prior.
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Brandon Kumar 3 minutes ago
Some of those losses were attributable to lower per-subscriber ad revenue. ESPN remained a bright sp...
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Sebastian Silva 1 minutes ago
By the numbers via CNBC: Earnings per share: 30 cents per share adj. vs 55 cents expected, according...
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Some of those losses were attributable to lower per-subscriber ad revenue. ESPN remained a bright spot, with marginal increases in ARPU.
Victoria Lopez Member
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Some of those losses were attributable to lower per-subscriber ad revenue. ESPN remained a bright spot, with marginal increases in ARPU.
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Scarlett Brown 16 minutes ago
By the numbers via CNBC: Earnings per share: 30 cents per share adj. vs 55 cents expected, according...
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Audrey Mueller 12 minutes ago
The company attributed those losses, in part, to fewer direct-to-consumer theatrical releases and le...
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By the numbers via CNBC: Earnings per share: 30 cents per share adj. vs 55 cents expected, according to a Refinitiv survey of analystsRevenue: $20.15 billion vs $21.24 billion expected, according to RefinitivDisney+ total subscriptions: 164.2 million vs 160.45 million expected, according to StreetAccountESPN+ total subscriptions: 24.3 millionTotal Hulu subscriptions: 47.2 millionHulu SVOD only subscriptions: 42.8 millionHulu Live TV + SVOD subscriptions: 4.4 million The big picture: Streaming continues to be a core focus for Disney, but its parks and resorts division last quarter proved to be far more resilient. Disney said record revenues for its parks, experiences and products segment, but it lost revenue in its media and entertainment division compared to the same quarter the year prior.
David Cohen Member
access_time 5 minutes ago
By the numbers via CNBC: Earnings per share: 30 cents per share adj. vs 55 cents expected, according to a Refinitiv survey of analystsRevenue: $20.15 billion vs $21.24 billion expected, according to RefinitivDisney+ total subscriptions: 164.2 million vs 160.45 million expected, according to StreetAccountESPN+ total subscriptions: 24.3 millionTotal Hulu subscriptions: 47.2 millionHulu SVOD only subscriptions: 42.8 millionHulu Live TV + SVOD subscriptions: 4.4 million The big picture: Streaming continues to be a core focus for Disney, but its parks and resorts division last quarter proved to be far more resilient. Disney said record revenues for its parks, experiences and products segment, but it lost revenue in its media and entertainment division compared to the same quarter the year prior.
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The company attributed those losses, in part, to fewer direct-to-consumer theatrical releases and less content licensing to third parties, because it wants to keep more shows exclusive to its own services. Go deeper: Disney earnings from the past year:Q3 2022: Q2 2022: Q1 2022: Q4 2021: <h5>Go deeper</h5>
Jack Thompson Member
access_time 24 minutes ago
The company attributed those losses, in part, to fewer direct-to-consumer theatrical releases and less content licensing to third parties, because it wants to keep more shows exclusive to its own services. Go deeper: Disney earnings from the past year:Q3 2022: Q2 2022: Q1 2022: Q4 2021:
Go deeper
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David Cohen 9 minutes ago
Disney misses on revenue and earnings but tops subscriber predictions
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Harper Kim 13 minutes ago
Details: On Tuesday, Disney CEO Bob Chapek said in a letter to investors that the company expects it...

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