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For most players streaming are not profitable. Youtube is likely profitable, but since Google doesn’t report separate income, we don’t know how much. Netflix
by tonymet 2y ago
For most players streaming are not profitable. Youtube is likely profitable, but since Google doesn’t report separate income, we don’t know how much.
Netflix is.
Disney, peacock, Paramount, Max , etc are not profitable with the hope they can capture future monopoly standing.
Prime Video is likely also not profitable or break even given their studio investments (e.g. MGM, first party content).
- strunz 2y agoActually Disney Streaming business was profitable for the first time last quarter - https://variety.com/2024/tv/news/disney-q2-2024-earnings-streaming-profit-1235993204/amp/ https://variety.com/2024/tv/news/disney-q2-2024-earnings-str...
- tonymet 2y agoLet’s see how it goes. CFOs can move a lot of spending around to hit a good quarter.
- deleted 2y ago[deleted]
- andsoitis 2y ago> since Google doesn’t report separate income In 2023, YouTube's brought in 10.25% of Google's total ad revenue, totaling $31.5B. That's up from $29.2B in 2022. Alphabet does not, however, report profit of YouTube. https://www.statista.com/statistics/289659/youtube-share-of-google-total-ad-revenues/ https://www.statista.com/statistics/289659/youtube-share-of-... > Disney, peacock, Paramount, Max , etc are not profitable Disney is profitable, you can check out last year's financials: https://thewaltdisneycompany.com/the-walt-disney-company-reports-fourth-quarter-and-full-year-earnings-for-fiscal-2023/ https://thewaltdisneycompany.com/the-walt-disney-company-rep...
- tonymet 2y agoThat’s the revenue