From Disney’s “year for the ages” at the box office to the launch of Disney+, CEO Bob Iger talked to JBoorstin following the company’s better-than-expected earnings report.
on Tuesday. "We will say something on the call about subs between the end of the quarter, the end of December and where we are as of yesterday. But we are not updating our guidances."
Disney blamed the decline on a "shift in the mix of subscribers" to its bundled subscription package of Disney+, ESPN+ and Hulu, which has a lower average retail price per service compared to the average retail price of each service on a standalone basis. Revenue for Disney's Parks, Experience and Products segment grew 8% year over year to $7.4 billion during the quarter, while operating income increased 9% to $2.3 billion. The company said operating income growth during the quarter was partially offset by lower results at its international parks and resorts.
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