Disney's Q4 Results , Narrow Streaming Losses , to $387 Million.
'Variety' reports that Disney+ exceeded
150 million streaming subscriptions
in Q4, up from 146.7 million in Q3.
On November 8, Disney reported that
Core Disney+ subscriptions had hit 112.6 million,
while India's Disney+ Hotstar reached 37.6 million.
Despite this, Disney's overall streaming
business saw Q4 losses of $387 million.
Our results this quarter
reflect the significant progress
we’ve made over the past year, Bob Iger, Disney CEO, via 'Variety'.
While we still have work to do,
these efforts have allowed us
to move beyond this period
of fixing and begin building
our businesses again, Bob Iger, Disney CEO, via 'Variety'.
On November 8, stock in Disney
closed at $84.49 per share. .
'Variety' reports that Disney CEO Bob Iger is scheduled
to host a conference call with other Disney
executives to discuss Q4 results in greater detail.
We have a solid foundation of creative
excellence and innovation built over
the past century, which has only been
reinforced by the important restructuring
and cost efficiency work we’ve done
this year, and we’re on track to achieve
roughly $7.5 billion in cost reductions. , Bob Iger, Disney CEO, via 'Variety'.
Combined with our portfolio of valuable
businesses, brands and assets – and the
way we manage them together – Disney
has a strong hand that differentiates
us from others in our industry, Bob Iger, Disney CEO, via 'Variety'.
Iger went on to state that Disney will strive
to "create lasting growth and increase
shareholder value" with "purpose and urgency."