Will Disney+ Turn a Profit Sooner Than Anticipated?
Disney (NYSE: DIS) is well ahead of schedule with Disney+. Last April, the company outlined expectations for 60 million to 90 million global subscribers by 2024. About one-third of those subscribers would come from the U.S. Less than eight months post-launch, Disney+ already has about 30 million U.S. subscribers and nearly 60 million total. And it's still only available in a few countries.
It's evident Disney will surpass its initial subscriber expectations by a wide margin. But will the company outpace its timeline to reach profitability by 2024 as well?
Image source: Walt Disney.
Source Fool.com
