Here's Exactly When Disney+ Plans to Become Profitable
Disney (NYSE: DIS) is losing billions on its streaming services. The media company reported $4 billion in operating losses for its direct-to-consumer (DTC) segment over the previous 12 months. Leading those losses is Disney+, the company's flagship streaming service.
The company is pouring tons of money into content for the service as well as marketing and technology. And while it has paid off in subscriber growth, investors have been scared off by the steep losses.
Management says profits are coming. At the very least, it says, operating losses will decline.
Source Fool.com
