Disney Has a Long Way to Go to Catch Up to Netflix
There were a lot of juicy takeaways following Disney's (NYSE: DIS) blowout quarterly report last week, but there's one deceptive metric echoing in the world of streaming media stocks. Did Disney really overtake Netflix (NASDAQ: NFLX) in the subscriber race between premium on-demand video platforms?
It may seem that way at first glance. Disney's three owned or majority-owned premium offerings combined for 221.1 million subscribers at the end of June. Netflix dipped sequentially during the three-month period, retreating to 220.7 million members worldwide at the midpoint of 2022. They may be passing ships right now, but there's more to this important milestone than you probably think.
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Source Fool.com
