The Walt Disney Company added a whopping 14.6 million DTC customers globally in Q3, but saw its DTC losses widen to $1.474 billion from $630 million. With Disney’s stock price tumbling more than 12% since it revealed its steep streaming losses Tuesday, Wall Street, at least in the here and now, isn’t pleased with the conglomerate’s ambitious platform growth strategy, which calls for it to spend $30 billion on content this year.
Source: Disney Jumps to No. 1 in DTC Subscription Scale … At a Huge Cost (Charts of the Day)