Disney Streaming Adds More Subscribers Than Expected

The transcript discusses Disney's financial performance, highlighting the growth in Disney Plus subscribers and the parks' operating income. It compares Disney Plus with Netflix, noting their different growth stages. The discussion also covers inflationary pressures on Disney's streaming and parks businesses, emphasizing pricing power and operational efficiencies. Finally, it highlights the recovery of Disney's parks business, surpassing pre-pandemic levels with increased attendance and spending.

What was the expected range for Disney Plus subscriber growth, and how did the actual numbers compare?

• Expected 5 to 6 million, actual 4 million

• Expected 3 to 4 million, actual 6 million

• Expected 6 to 7 million, actual 5 million

• Expected 4.5 to 5 million, actual 7 million

How does Disney Plus's current subscriber count compare to Netflix's?

• Disney Plus has twice as many subscribers as Netflix

• Disney Plus and Netflix have the same number of subscribers

• Disney Plus has fewer subscribers than Netflix

• Disney Plus has more subscribers than Netflix

What is one of the key factors contributing to Disney Plus's growth potential?

• High subscription prices

• Limited market reach

• Lack of competition

• Extensive content pipeline and international expansion

What percentage of operating expenses at Disney parks is attributed to labor costs?

• 50%

• 60%

• 30%

• 40%

How has Disney managed to surpass pre-pandemic levels in its parks business?

• Through operational and structural efficiencies

• By closing less popular attractions

• By increasing the number of employees

• By reducing ticket prices