Disney CEO Iger Says Eventually Looking At Double Digit Margins For Streaming Business
Portfolio Pulse from Benzinga Newsdesk
Disney CEO Bob Iger announced plans to achieve double-digit margins for the company's streaming business, signaling a strong focus on profitability in the near future.

April 04, 2024 | 1:49 pm
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Disney's focus on achieving double-digit margins for its streaming business indicates a strategic move towards profitability, which could positively impact investor sentiment.
The announcement by Disney's CEO about targeting double-digit margins for the streaming business is a clear indicator of the company's commitment to not just growing its subscriber base but also ensuring profitability. This strategic focus is likely to be viewed positively by investors, as it suggests a sustainable business model and potential for increased earnings in the future. The direct mention of this goal by the CEO adds credibility and specificity to the company's financial targets, making it a significant piece of news for investors.
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