Bob Iger’s first earnings call as its new and old CEO.
Not much new on advertising, except that Disney+ subscriber numbers went down by 1.5% after The Walt Disney Company increased subscription prices – even the introduction of a cheaper, ad-funded offer couldn’t make up for the loss. (We saw how the ad-supported Netflix offer grew the subscriber base substantially.)
TV Networks slightly underperformed as well vs expectations – but the macro-economic situation and the TV/CTV transition are mitigating factors.
Disney stock jumps as Iger plans 7,000 job cuts in return to earnings stage (msn.com)
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