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Disney lowers 2024 forecast for Disney+ subscribers by 15 million

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Disney lowers 2024 forecast for Disney+ subscribers by 15 million - CNBC

Quick Summary:

Disney is lowering its Disney+ subscriber guidance to 215 million to 245 million by the end of fiscal 2024.

Earlier Wednesday, the company announced subscriber growth numbers well above Wall Street's expectations.

Disney's streaming services lost $1.1 billion in its most recent quarter.


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Article Details

Category: Economy

Topics: US: News Media Walt Disney Co Mergers Technology Source:tagname:CNBC US Source Business News Articles Cnbc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 21:05:53

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 2 minutes read

Article Length: 286 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 128548

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Main Topics: Economy

Official Website: cnbc.com

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Headquarters: United States

News Last Updated: 11h ago

Coverage Areas: United States

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