Earnings

Disney (DIS) earnings Q4 2022

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Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021.

Charles Krupa | AP

Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. 

The company reported that Disney+ added 12.1 million subscriptions during the period, bringing the platform’s total subscriber base to 164.2 million, higher than the 160.45 million analysts had forecast, according to StreetAccount estimates. 

CEO Bob Chapek also said that Disney+ will achieve profitability in fiscal 2024. The direct-to-consumer division lost $1.47 billion…



Source cnbc.com

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