As Disney Plus turns one, the House of Mouse’s earnings reiterate how crucial streaming is
Disney is still facing unprecedented challenges in a number of its biggest divisions, including theme parks, but its fourth quarter earnings report highlights an area that hasn't stopped growing: streaming.
On the whole, Disney's Q4 revenue was better than expected, earning $14.7 billion as opposed to the $14.2 billion expected. A big chunk of that came from Disney's streaming division, which continues to grow, now boasting just over 120 million subscribers across all its services worldwide. The return of sports also helped generate advertising revenue in its media networks division. It was the parks, experiences, and consumer products division, however, that continued to flail, dropping 61 percent year over year. With Disney's final...