Disney Misses Estimates on Streaming Costs, Ad Sales

The transcript discusses the financial impact of Hurricane Ian on Disney's parks, noting a significant drop in expected operating income. It explores inflationary pressures and consumer stress, which may affect Disney's business, particularly its parks and streaming services. The discussion shifts to Disney's streaming strategy, highlighting a price increase and the introduction of an ad-supported tier. The focus is on achieving profitability for Disney+ by 2024, with a shift from subscriber growth to improving unit economics and ARPU. Disney plans to manage content costs while maintaining subscriber momentum.

What was the expected operating income for Disney before the impact of Hurricane Ian?

What factors were mentioned as contributing to the lower than expected parks revenue?

What changes are being made to the pricing structure of Disney's streaming service?

What is the significance of the 40% increase in per capita spending mentioned in the text?

How is Disney planning to address the profitability of its streaming service?