Disney+ has amassed 73.7 million subscribers, vastly exceeding its initial expectations. This growth came as theme parks, rides, and cruise businesses suffered enormously for the company, which posted its first annual loss in 40 years. The company re-structured recently with a focus on streaming, and that seems to be paying off. Around three-fourths of Disney+ subscribers pay the company an average of US$5.30, the Walt Disney Company’s CFO Christine McCarthy said in an earnings call.
Q4-FY20 Disney (ended October 3, 2020)
Revenue: US$14.7 billion (down 23% YoY)
Net loss from continuing operations: US$710 million (as against a US$777 million net income in the same quarter last year)
Free cash flow: US$938 million (up 129% YoY)
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