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Small growth failure for Disney +


ANALYSIS - Average revenue per user drops to $ 3.99, weighed down by the Disney + service. Hotstar.

The beginning of the year 2021 is not magical for Disney.

All branches of the company saw their revenues decline in the first quarter.

The only exception are the video-on-demand platforms, Disney +, Hulu and ESPN +, which grossed $ 4 billion over one year.

Despite its apparent good health, the Disney + streaming service is experiencing slower-than-expected growth.

Analysts estimated that the platform would reach 109 million subscribers, but ultimately only 103.6 million.

An announcement that disappointed investors, quickly followed by a stock market sanction: Disney lost 4% Thursday during electronic trading after the close.

Read also:

Disney + adds Star channel to increase prices

The management of Disney prefers to remain optimistic despite this slight disappointment: "

Keep in mind that we have conquered 30 million households during the first six months of the fiscal year",

reassures Bob Chapek, CEO of the Walt Disney Company.

The president assured that the company remained on course, and hoped to achieve

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Source: lefigaro

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