Disney CFO Reports Positive Impact Of Streaming Service Bundling On Cancellations; Advertising Up 8% For The Quarter, Described As 'Very Healthy'
Portfolio Pulse from Benzinga Newsdesk
Disney's CFO reported that bundling their streaming services has positively impacted cancellation rates. Additionally, advertising revenue increased by 8% for the quarter, which was described as 'very healthy' during a conference call.
August 07, 2024 | 12:59 pm
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Disney's CFO highlighted that bundling their streaming services has reduced cancellations and that advertising revenue grew by 8% for the quarter.
The reduction in cancellations due to bundling and the increase in advertising revenue are positive indicators for Disney's financial health, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100