Disney To Cut Target For Disney+ Streaming Subscribers
Portfolio Pulse from Benzinga Newsdesk
Disney is planning to reduce its target for Disney+ streaming subscribers, according to Bloomberg. This could potentially impact the company's future revenue and growth projections.
September 14, 2023 | 8:05 pm
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NEGATIVE IMPACT
Disney's decision to cut its target for Disney+ subscribers could negatively impact its stock price in the short term due to potential concerns over future revenue and growth.
Disney's stock price could be negatively impacted by this news as it indicates potential challenges in achieving growth targets for its streaming service, Disney+. This could lead to concerns over future revenue, which is a key factor investors consider when valuing a company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100