Disney+ continues to rack up subscribers

Update16 days ago
Disney rose +3% after hours Thursday after reporting better-than-feared Q4 earnings.
While the company topped analyst estimates on both revenue and earnings, we think the primary focus for investors was the impressive subscriber growth at Disney+, which ended the quarter with 73.7 million subscribers.
This implied an incredible +28% growth in subscribers just over the past three months, and puts the company solidly in the middle of its original 2024 subscriber count target of 60-90 million.
Together with its subscribers for Hulu and ESPN+, Disney now boasts over 120mm subscribers across its digital platforms, or about 60% of Netflix's global paid subscriber count.
The company also announced that it would suspend its upcoming semiannual dividend, in an apparent nod to activist hedge fund Third Point.
Third Point recently took an activist stake in Disney and called for the company to suspend its dividend so that it could instead invest those funds into its streaming business.
While we're pleased to see the company engaging with its shareholders, we'd flag that for the time being this dividend suspension appears to only be a temporary measure.
On its call with investors, management conveyed interest in retaining the dividend as a part of its long-term capital allocation strategy, and suggested that it would resume paying the dividend after pandemic conditions subside.
As of this writing, DIS was a portfolio holding of Titan Invest. This security may cease to be a portfolio holding at some point in the future.

Become a Titan investor today.

Titan Invest is an SEC registered investment adviser. By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Refer to Titan Invest’s Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 110 Greene Street, Suite 910, New York, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
© Copyright 2020 Whisker Technologies, Inc. All rights reserved.