Bloomberg Talks Disney CFO Hugh Johnston Talks Rising Shares, Earnings
Feb 5, 2025
Hugh Johnston, CFO of Disney, shares insights on the company’s impressive first quarter earnings. He highlights the success of Disney’s movie studios and streaming services, while addressing a slight dip in Disney Plus subscribers. Johnston discusses the resilience of Disney's international parks amid global challenges and the active negotiations related to Hulu. He also reveals strategies for streaming growth, including the use of AI in content production, and how Disney caters to stable consumer preferences across different age groups.
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Episode notes
Seasonal Streaming Dip
- Disney+ subscriber decline in Q2 is seasonal, not price resistance related.
- Streaming investments are paying off, with expected growth and improved margins.
Content is King
- Disney's content strategy, including hits like Moana 2 and Shogun, is driving streaming success.
- Increased engagement and lower churn are also contributing to positive momentum.
Tariff Impact
- Proposed tariffs on China would have an immaterial impact on Disney's business.
- Disney is monitoring the situation closely as it's a rapidly changing environment.