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Conference Call Confirms Disney Plus is a Disaster

No.114795582 ViewReplyOriginalReport
>During their latest conference call, Christine M. McCarthy Disney’s Senior Executive Vice President and Chief Financial Officer delivered the actual performance metrics, as transcribed by The Motley Fool.

>“As we announced on April 8, during the third quarter, we exceeded 15 million Disney+ paid subscribers. …… As of May 4th, we estimate we had approximately 54.5 million Disney+ subscribers reflecting a subscriber mix generally similar to our mix at April 8.” Christine McCarthy

>“Disney+ launched in a number of European markets during the quarter, which contributed to a total paid subscriber base of $33.5 million at the end of the quarter.” Christine McCarthy
Of the 54.5million subscribers, only 15 million are actively paying for Disney Plus. Meaning 39.5 million are not.

>If that doesn’t sound profitable to you, that would be because it isn’t. It’s costing the company billions per quarter.

>“Results at our direct to consumer businesses had an adverse impact on the year-over-year change in segment operating income of about $500 million which came in a little better than the guidance we provided last quarter. We expect our Direct-to-Consumer & International segment to generate about $1.1 billion in operating losses for the third quarter….” -Christine McCarthy

>Despite the company now effectively operating off debt, that they would continue the development of shows that further dilute the value of the Star Wars brand while censoring shows on Disney Plus is flat out insane. No one is going to want to adopt a platform that continues to struggle to deliver content, and even when it does with the quality of the content. How long Disney plans to keep pumping billions per quarter into this operation is a mystery, but investors are unlikely to tolerate net losses and poor growth for long.

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