Disney's Entertainment Business Performance in Q2 2024: A Detailed Review
Wednesday, 8 May 2024, 17:38
Entertainment segment results
In Q2 2024, Disney’s entertainment segment saw a decrease in revenues but a significant increase in operating income. Linear networks revenue declined, while direct-to-consumer revenue rose. The company faced challenges in content sales/licensing and other revenue.
Subscribers
- Disney+ Core subscribers grew both domestically and internationally, with an increase in average monthly revenue per paid subscriber
- Total Hulu subscribers witnessed growth
Outlook
Disney projects a loss in entertainment DTC in Q3 2024 but anticipates subscriber growth recovery later and profitability in streaming businesses by Q4 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.