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See their net income and profit margin trends: https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/di
by lotsofpulp 3y ago
See their net income and profit margin trends:
https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc...
https://www.macrotrends.net/stocks/charts/DIS/disney/profit-margins https://www.macrotrends.net/stocks/charts/DIS/disney/profit-...
Doesn’t look so hot for the last 4 or 5 years. They went from earning near $10B per year to less than $3B per year.
- Rexxar 3y agoIf you ignore the Covid drop, the trend change seems to start in 2019 when they bought Century Fox.
- lotsofpulp 3y agoI’m not sure what the exact cause is, but for some reason, they lose billions on streaming (page 24): https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23_Earnings_Presentation.pdf https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23...
- nonethewiser 3y agoBecause they give lots of subscriptions away for free and the paying customers are paying a subsidized price. All so Disney can increase market share. This is why you cant just point to subscriber count as a success indicator.
- bombcar 3y agoHow much of this is real losses and how much is accounting tricks by licensing content from themselves?
- deleted 3y ago[deleted]
- lotsofpulp 3y agoI would guess none based on the breakdown on page 10. They would have written in the “Direct to consumer” section that licensing costs were the reason for the losses. Instead, they specified that technology costs and costs to create the media were the tradings for the losses.
- Staple_Diet 3y agoThanks, this definitely adds some context. Seems all these acquisitions is costly work.