3 Positives from Disney's Disappointing Streaming Results

Motley Fool2021-05-18

Walt Disney (NYSE:DIS) ended its second quarter with fewer than 104 million Disney+ subscribers. Wall Street was looking for about 109 million. With the streaming service at the center of Disney's ...

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精彩评论

WangZhai
2021-05-19
WangZhai
Too many streaming companies out there and Disney + came into market late...
- rae90:
  too little too late
- Stylerz:
  still hoping
WWTan
2021-05-19
WWTan
It will be back.
- IVXNNNNN:
  I think so too
KWHChye
2021-05-19
KWHChye
Buying just cause for the childhood
- J288:
  like.
堵神
2021-05-19
堵神
Please like and comment thanks 😊
- KWHChye:
  Yes boss
Aurum
2021-05-19
Aurum
Keep going....
Daphnn
2021-05-19
Daphnn
like and comment pls
- buibeng:
  is Disney going to go up?

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With the streaming service at the center of Disney's ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/18/3-positives-from-disneys-disappointing-streaming-r/\">网页链接</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Positives from Disney's Disappointing Streaming Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Positives from Disney's Disappointing Streaming Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 22:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/18/3-positives-from-disneys-disappointing-streaming-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walt Disney (NYSE:DIS) ended its second quarter with fewer than 104 million Disney+ subscribers. Wall Street was looking for about 109 million. With the streaming service at the center of Disney's ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/18/3-positives-from-disneys-disappointing-streaming-r/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIS","symbol_name":"迪士尼","start_time":0,"source_url":"https://www.fool.com/investing/2021/05/18/3-positives-from-disneys-disappointing-streaming-r/","article_id":"2136785993","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2136785993","pubTimestamp":1621349753,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Long-term investors shouldn't fret at Disney+'s subscriber growth slowdown.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DIS":"迪士尼"},"translate_title":"迪斯尼令人失望的流媒体结果带来的3个积极因素","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIS":0.9},"content_text":"Walt Disney (NYSE:DIS) ended its second quarter with fewer than 104 million Disney+ subscribers. Wall Street was looking for about 109 million. With the streaming service at the center of Disney's biggest growth engine -- its direct-to-consumer business -- investors sent shares lower following the earnings release.\nBut management reaffirmed its long-term guidance for Disney+ subscriber growth, and long-term investors still have a few positives they can take away from last quarter's results. Here are three to take note of.\n1. Hulu and ESPN+ crushed it\nWhile Disney+ disappointed, the media company's smaller streaming services produced some solid results.\nImage source: Walt Disney.\nHulu ended the second quarter with 41.6 million subscribers, up 2.2 million from the end of the first quarter. While Hulu + Live TV subscribers fell for the second quarter in a row, that may be due to its December price increase and typical seasonality. Importantly, average revenue per user was roughly flat for the SVOD-only business, indicating strength in the recovery of the ad business from COVID-19.\nDuring the second-quarter earnings call, CFO Christine McCarthy told analysts: \"The most important driver for Hulu is the addressable advertising strength. That continues to be a real upside, and it's going strong, and we expect that to continue.\"\nESPN+ added 1.7 million subscribers to reach 13.8 million total. Average revenue per user continued to tick up sequentially, despite the seasonally strong advertising sales from the previous quarter. Management also said its UFC pay-per-view events garnered strong viewership, adding additional revenue.\nOverall, the strength at Hulu and ESPN+ pushed Disney to reduce its operating losses for the direct-to-consumer business by more than $175 million sequential and $500 million year over year.\n2. Disney+ subscriber growth is already picking back up\nWhile Disney+ subscriber growth disappointed for the quarter, it's already showing signs of picking back up. The company had 94.9 million subscribers at the start of January. Its 100-million-subscriber announcement came at its investor meeting on March 10, so it added roughly 2.5 million subscribers per month in January and February. It ended the quarter three weeks later, adding another 3.9 million subscribers.\nMcCarthy confirmed the increased subscriber growth in March during the earnings call. \"We added subs at a faster pace in the last month of the second quarter than we did in the first two months,\" she said. \"And that was despite no major market launches, a price increase in EMEA [Europe Middle East and Africa], and a domestic price increase toward the end of the quarter,\" she added.\nAs Disney's content production ramps up, particularly with originals for Star and Disney+ in Europe, it should see strong net additions in the EMEA region. However, McCarthy warned that canceled IPL Cricket matches could affect the growth of Disney+ Hotstar in India, which currently accounts for one-third of all subscribers.\n3. Churn is not an issue\nIt appears the challenge for subscriber growth during Disney's second quarter stems primarily from adding new consumers to the top of the funnel. Subscribers canceling their service has not been an issue for the company.\nCEO Bob Chapek said the price increase for Disney+ in the U.S. in March has not created significantly higher churn rates. Meanwhile, it's seen churn rates improve in Europe, Middle East, and Africa markets with the addition of Star content to the subscription (and a two-euro-per-month price increase).\nChapek noted improved engagement and strong viewership for the media company's original series throughout the call. \"Engagement is sort of the precursor for net sub adds,\" he said.\nDisney+'s subscriber growth slowdown appears to be largely due to a pull forward in subscribers from the pandemic. Netflix faced a similar problem with its first-quarter subscriber growth results, where it also noted lower subscriber churn. With the pickup in subscriber growth seen in March and Hulu and ESPN+ doing good work to pick up the slack, Disney's direct-to-consumer business looks just as strong as ever.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":194203925,"gmtCreate":1621380905267,"gmtModify":1631885080497,"author":{"id":"3561980891009703","authorId":"3561980891009703","name":"WangZhai","avatar":"https://static.tigerbbs.com/bc2671102b0ba42d45bf457532bb6784","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3561980891009703","idStr":"3561980891009703"},"htmlText":"Too many streaming companies out there and Disney + came into market late...","listText":"Too many streaming companies out there and Disney + came into market late...","text":"Too many streaming companies out there and Disney + came into market late...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/194203925","repostId":2136785993,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371518,"gmtCreate":1621381943003,"gmtModify":1635406121262,"authorId":3568861531931848,"author":{"id":3568861531931848,"idStr":"3568861531931848","authorId":3568861531931848,"name":"rae90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194203925,"type":1,"supId":0,"prevId":0,"content":"too little too <u>late</u>","text":"too little too <u>late</u>","html":"too little too <u>late</u>"},{"id":4371558,"gmtCreate":1621382086764,"gmtModify":1635406117653,"authorId":3577619205438357,"author":{"id":3577619205438357,"idStr":"3577619205438357","authorId":3577619205438357,"name":"Stylerz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194203925,"type":1,"supId":4371518,"prevId":0,"content":"still <u>hoping</u>","text":"still <u>hoping</u>","html":"still <u>hoping</u>"}],"langContent":"EN"},{"id":194641137,"gmtCreate":1621380028029,"gmtModify":1634192083095,"author":{"id":"3581679936650072","authorId":"3581679936650072","name":"WWTan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581679936650072","idStr":"3581679936650072"},"htmlText":"It will be back.","listText":"It will be back.","text":"It will be back.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194641137","repostId":2136785993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4371607,"gmtCreate":1621382320484,"gmtModify":1635406113010,"authorId":3575104866253731,"author":{"id":3575104866253731,"idStr":"3575104866253731","authorId":3575104866253731,"name":"IVXNNNNN","avatar":"https://static.tigerbbs.com/b27f4fe9471a00de0cc2f73cbeedc0c7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194641137,"type":1,"supId":0,"prevId":0,"content":"I think so too","text":"I think so too","html":"I think so too"}],"langContent":"EN"},{"id":194657340,"gmtCreate":1621379852780,"gmtModify":1634192086712,"author":{"id":"3559643628960690","authorId":"3559643628960690","name":"KWHChye","avatar":"https://static.tigerbbs.com/ff28c38f154930713b0a64f6389191d8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3559643628960690","idStr":"3559643628960690"},"htmlText":"Buying just cause for the childhood&nbsp;","listText":"Buying just cause for the childhood&nbsp;","text":"Buying just cause for the childhood","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194657340","repostId":2136785993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4384028,"gmtCreate":1621469885815,"gmtModify":1635405124212,"authorId":3581761980405366,"author":{"id":3581761980405366,"idStr":"3581761980405366","authorId":3581761980405366,"name":"J288","avatar":"https://static.tigerbbs.com/f139ffb0e1f3cec014732c0986adcded","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194657340,"type":1,"supId":0,"prevId":0,"content":"like.","text":"like.","html":"like."}],"langContent":"EN"},{"id":194621115,"gmtCreate":1621379117837,"gmtModify":1634192102252,"author":{"id":"3569643178216945","authorId":"3569643178216945","name":"堵神","avatar":"https://static.tigerbbs.com/cacee5ba5c333e51bfcd4bed94dada85","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3569643178216945","idStr":"3569643178216945"},"htmlText":"Please like and comment thanks 😊","listText":"Please like and comment thanks 😊","text":"Please like and comment thanks 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194621115","repostId":2136785993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4370896,"gmtCreate":1621379833618,"gmtModify":1635406174469,"authorId":3559643628960690,"author":{"id":3559643628960690,"idStr":"3559643628960690","authorId":3559643628960690,"name":"KWHChye","avatar":"https://static.tigerbbs.com/ff28c38f154930713b0a64f6389191d8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194621115,"type":1,"supId":0,"prevId":0,"content":"Yes boss ","text":"Yes boss ","html":"Yes boss "}],"langContent":"EN"},{"id":194660442,"gmtCreate":1621378199886,"gmtModify":1634192112345,"author":{"id":"3581551558648648","authorId":"3581551558648648","name":"Aurum","avatar":"https://static.tigerbbs.com/9b62b380c4f32358425ddfcfada4c880","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581551558648648","idStr":"3581551558648648"},"htmlText":"Keep going....&nbsp;","listText":"Keep going....&nbsp;","text":"Keep going....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194660442","repostId":2136785993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194851027,"gmtCreate":1621357153169,"gmtModify":1634192161849,"author":{"id":"3575586004613838","authorId":"3575586004613838","name":"Daphnn","avatar":"https://static.tigerbbs.com/767106a5b7ba04f5abc423141d6f1673","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575586004613838","idStr":"3575586004613838"},"htmlText":"like and comment pls","listText":"like and comment pls","text":"like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194851027","repostId":2136785993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4370292,"gmtCreate":1621376278127,"gmtModify":1635406225022,"authorId":3554797752290874,"author":{"id":3554797752290874,"idStr":"3554797752290874","authorId":3554797752290874,"name":"buibeng","avatar":"https://static.tigerbbs.com/2ae6843a3fc590f92755324647cc3eaf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194851027,"type":1,"supId":0,"prevId":0,"content":"is Disney going to go up?","text":"is Disney going to go up?","html":"is Disney going to go 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