Junski
2021-05-14
So the analysts’ guesstimate was wrong. How is that DIS’s problem?
Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference<blockquote>Disney+ 订户增长与 Netflix 一样放缓——但有一个令人担忧的区别</blockquote>
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How is that DIS’s problem?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/198869354","repostId":1143623731,"repostType":4,"repost":{"id":"1143623731","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620947790,"share":"https://www.laohunote.com/m/news/1143623731?lang=zh_CN&edition=full","pubTime":"2021-05-14 07:16","market":"us","language":"en","title":"Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference<blockquote>Disney+ 订户增长与 Netflix 一样放缓——但有一个令人担忧的区别</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143623731","media":"Tiger Newspress","summary":"Disney reported 103.6 million Disney+ customers as of April 3. Analysts had projected 109 million.Di","content":"<p><ul><li>Disney reported 103.6 million Disney+ customers as of April 3. Analysts had projected 109 million.</li><li>Disney's disappointing subscriber additions resemble Netflix's last quarter.</li><li>But Disney charges far less for Disney+ than Netflix charges its average customer, making slowing growth more worrying if it continues.</li></ul>Disneyseems to have picked up a bit ofNetflix-itis.</p><p><blockquote><ul><li>截至 4 月 3 日，迪士尼报告称拥有 1.036 亿 Disney+ 用户。分析师此前预计为 1.09 亿。</li><li>迪士尼令人失望的用户数量与网飞上个季度相似。</li><li>但迪士尼对 Disney+ 的收费远低于 Netflix 对普通客户的收费，如果这种情况持续下去，这使得增长放缓更加令人担忧。</li></ul>迪士尼似乎学到了一点网飞的东西。</blockquote></p><p>Just as Netflix added fewer than 4 million global subscribers in the first quarter, disappointing investors, Disney announced it now has 103.6 million Disney+ subscribers, far less than the109 million estimated by analysts.Disney shares slumped about 4% in after-hours trading.</p><p><blockquote>正如 Netflix 第一季度新增全球订户不到 400 万，令投资者失望一样，迪士尼宣布目前拥有 1.036 亿 Disney+ 订户，远低于分析师估计的 1.09 亿。迪士尼股价在盘后交易中下跌约4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/82adc791025ad718eb7be25366aeb1f9\" tg-width=\"1283\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Superficially, both Disney and Netflix can explain away the disappointing growth by citing the surge in viewers earlier in the pandemic. The logic is simple: Far more people signed up for Disney+ and Netflix in the first six months of the pandemic than the companies had counted on. Given the surge, it's only natural that growth would pull back to more \"normal\" levels as the pandemic winds down.</p><p><blockquote>从表面上看，迪士尼和网飞都可以通过引用疫情早些时候观众的激增来解释令人失望的增长。逻辑很简单：在疫情的前六个月，注册迪士尼+和网飞的人数远远超过了两家公司的预期。鉴于这种激增，随着疫情的结束，经济增长回落到更“正常”的水平是很自然的。</blockquote></p><p>Further, both Disney and Netflix can safely assume that subscriber growth will accelerate in the second half of the year as show production begins again in earnest and high-profile content — such as \"Loki\" and \"Luca\" for Disney — comes to streaming video later this year.</p><p><blockquote>此外，迪士尼和网飞都可以有把握地假设，随着节目制作再次认真开始，高调内容——如迪士尼的“洛基”和“卢卡”——将在今年晚些时候出现在流媒体视频上，订户增长将在下半年加速。</blockquote></p><p>But there's one significant difference between the two companies where Disney falls far short: average revenue per user.</p><p><blockquote>但这两家公司之间有一个显着的区别，迪士尼远远不及：每用户平均收入。</blockquote></p><p>Disney+'s average revenue per user, excluding India's Hotstar, was $5.61 per month. Netflix's ARPU last quarter in the U.S. and Canada was $14.25 per month — up 9% from a year ago.</p><p><blockquote>Disney+ 的每用户平均收入（不包括印度的 Hotstar）为每月 5.61 美元。Netflix 上季度在美国和加拿大的 ARPU 为每月 14.25 美元，比去年同期增长 9%。</blockquote></p><p>If you're going to have slumping growth, you want your customers paying as much as possible. Disney's Hulu subscription video on-demand service has higher ARPU — $12.08 per month — but its growth was negligible, up just 2 cents per month from a year ago. Hulu has 37.8 million subscribers, which rises to 41.6 million when including those who also purchase live TV.</p><p><blockquote>如果你的增长下滑，你希望你的客户支付尽可能多的费用。迪士尼的 Hulu 订阅视频点播服务拥有更高的 ARPU（每月 12.08 美元），但其增长可以忽略不计，仅比一年前每月增长 2 美分。Hulu 拥有 3780 万订户，如果包括那些也购买直播电视的用户，这一数字将增加到 4160 万。</blockquote></p><p>None of this is particularly concerning yet for Disney Chief Executive Officer Bob Chapek, who noted \"every single market has exceeded expectations\" in terms of global subscriber additions. He also pointed out that Disney is still expanding to new countries, with Malaysia and Thailand coming in June.</p><p><blockquote>对于迪士尼首席执行官鲍勃·查佩克来说，这些都不是特别担心的，他指出，就全球订户数量而言，“每个市场都超出了预期”。他还指出，迪士尼仍在向新的国家扩张，马来西亚和泰国将于6月进军。</blockquote></p><p>But Disney+ has vaulted into the streaming big leagues. In 2020, the logical comparison for Disney+ wasHBO Max,Peacockand other new media streaming services.</p><p><blockquote>但是Disney+已经进入了流媒体大联盟。2020年，Disney+wasHBO Max、Peacock等新媒体流媒体服务的逻辑比较。</blockquote></p><p>Given Disney's success, this year's comparison will be Netflix. Disney has already projected 230 million to 260 million subscribers by 2024. That's Netflix-land. Netflix has about 208 million customers.</p><p><blockquote>鉴于迪士尼的成功，今年的比较将是网飞。迪士尼已经预计到 2024 年将有 2.3 亿至 2.6 亿用户。那是Netflix的土地。Netflix 拥有约 2.08 亿客户。</blockquote></p><p>Netflix has been able to raise prices gradually over the years without stopping global growth. Disney may be able to do the same — but the stark differences in ARPU between the two companies illustrate the long road ahead.</p><p><blockquote>多年来，Netflix 一直能够在不停止全球增长的情况下逐步提高价格。迪士尼或许也能做到这一点——但两家公司 ARPU 的巨大差异说明了未来的漫长道路。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference<blockquote>Disney+ 订户增长与 Netflix 一样放缓——但有一个令人担忧的区别</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDisney+ subscriber growth is slowing like Netflix's — with one worrisome difference<blockquote>Disney+ 订户增长与 Netflix 一样放缓——但有一个令人担忧的区别</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-14 07:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>Disney reported 103.6 million Disney+ customers as of April 3. Analysts had projected 109 million.</li><li>Disney's disappointing subscriber additions resemble Netflix's last quarter.</li><li>But Disney charges far less for Disney+ than Netflix charges its average customer, making slowing growth more worrying if it continues.</li></ul>Disneyseems to have picked up a bit ofNetflix-itis.</p><p><blockquote><ul><li>截至 4 月 3 日，迪士尼报告称拥有 1.036 亿 Disney+ 用户。分析师此前预计为 1.09 亿。</li><li>迪士尼令人失望的用户数量与网飞上个季度相似。</li><li>但迪士尼对 Disney+ 的收费远低于 Netflix 对普通客户的收费，如果这种情况持续下去，这使得增长放缓更加令人担忧。</li></ul>迪士尼似乎学到了一点网飞的东西。</blockquote></p><p>Just as Netflix added fewer than 4 million global subscribers in the first quarter, disappointing investors, Disney announced it now has 103.6 million Disney+ subscribers, far less than the109 million estimated by analysts.Disney shares slumped about 4% in after-hours trading.</p><p><blockquote>正如 Netflix 第一季度新增全球订户不到 400 万，令投资者失望一样，迪士尼宣布目前拥有 1.036 亿 Disney+ 订户，远低于分析师估计的 1.09 亿。迪士尼股价在盘后交易中下跌约4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/82adc791025ad718eb7be25366aeb1f9\" tg-width=\"1283\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Superficially, both Disney and Netflix can explain away the disappointing growth by citing the surge in viewers earlier in the pandemic. The logic is simple: Far more people signed up for Disney+ and Netflix in the first six months of the pandemic than the companies had counted on. Given the surge, it's only natural that growth would pull back to more \"normal\" levels as the pandemic winds down.</p><p><blockquote>从表面上看，迪士尼和网飞都可以通过引用疫情早些时候观众的激增来解释令人失望的增长。逻辑很简单：在疫情的前六个月，注册迪士尼+和网飞的人数远远超过了两家公司的预期。鉴于这种激增，随着疫情的结束，经济增长回落到更“正常”的水平是很自然的。</blockquote></p><p>Further, both Disney and Netflix can safely assume that subscriber growth will accelerate in the second half of the year as show production begins again in earnest and high-profile content — such as \"Loki\" and \"Luca\" for Disney — comes to streaming video later this year.</p><p><blockquote>此外，迪士尼和网飞都可以有把握地假设，随着节目制作再次认真开始，高调内容——如迪士尼的“洛基”和“卢卡”——将在今年晚些时候出现在流媒体视频上，订户增长将在下半年加速。</blockquote></p><p>But there's one significant difference between the two companies where Disney falls far short: average revenue per user.</p><p><blockquote>但这两家公司之间有一个显着的区别，迪士尼远远不及：每用户平均收入。</blockquote></p><p>Disney+'s average revenue per user, excluding India's Hotstar, was $5.61 per month. Netflix's ARPU last quarter in the U.S. and Canada was $14.25 per month — up 9% from a year ago.</p><p><blockquote>Disney+ 的每用户平均收入（不包括印度的 Hotstar）为每月 5.61 美元。Netflix 上季度在美国和加拿大的 ARPU 为每月 14.25 美元，比去年同期增长 9%。</blockquote></p><p>If you're going to have slumping growth, you want your customers paying as much as possible. Disney's Hulu subscription video on-demand service has higher ARPU — $12.08 per month — but its growth was negligible, up just 2 cents per month from a year ago. Hulu has 37.8 million subscribers, which rises to 41.6 million when including those who also purchase live TV.</p><p><blockquote>如果你的增长下滑，你希望你的客户支付尽可能多的费用。迪士尼的 Hulu 订阅视频点播服务拥有更高的 ARPU（每月 12.08 美元），但其增长可以忽略不计，仅比一年前每月增长 2 美分。Hulu 拥有 3780 万订户，如果包括那些也购买直播电视的用户，这一数字将增加到 4160 万。</blockquote></p><p>None of this is particularly concerning yet for Disney Chief Executive Officer Bob Chapek, who noted \"every single market has exceeded expectations\" in terms of global subscriber additions. He also pointed out that Disney is still expanding to new countries, with Malaysia and Thailand coming in June.</p><p><blockquote>对于迪士尼首席执行官鲍勃·查佩克来说，这些都不是特别担心的，他指出，就全球订户数量而言，“每个市场都超出了预期”。他还指出，迪士尼仍在向新的国家扩张，马来西亚和泰国将于6月进军。</blockquote></p><p>But Disney+ has vaulted into the streaming big leagues. In 2020, the logical comparison for Disney+ wasHBO Max,Peacockand other new media streaming services.</p><p><blockquote>但是Disney+已经进入了流媒体大联盟。2020年，Disney+wasHBO Max、Peacock等新媒体流媒体服务的逻辑比较。</blockquote></p><p>Given Disney's success, this year's comparison will be Netflix. Disney has already projected 230 million to 260 million subscribers by 2024. That's Netflix-land. Netflix has about 208 million customers.</p><p><blockquote>鉴于迪士尼的成功，今年的比较将是网飞。迪士尼已经预计到 2024 年将有 2.3 亿至 2.6 亿用户。那是Netflix的土地。Netflix 拥有约 2.08 亿客户。</blockquote></p><p>Netflix has been able to raise prices gradually over the years without stopping global growth. Disney may be able to do the same — but the stark differences in ARPU between the two companies illustrate the long road ahead.</p><p><blockquote>多年来，Netflix 一直能够在不停止全球增长的情况下逐步提高价格。迪士尼或许也能做到这一点——但两家公司 ARPU 的巨大差异说明了未来的漫长道路。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","NFLX":"奈飞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143623731","content_text":"Disney reported 103.6 million Disney+ customers as of April 3. Analysts had projected 109 million.Disney's disappointing subscriber additions resemble Netflix's last quarter.But Disney charges far less for Disney+ than Netflix charges its average customer, making slowing growth more worrying if it continues.Disneyseems to have picked up a bit ofNetflix-itis.Just as Netflix added fewer than 4 million global subscribers in the first quarter, disappointing investors, Disney announced it now has 103.6 million Disney+ subscribers, far less than the109 million estimated by analysts.Disney shares slumped about 4% in after-hours trading.Superficially, both Disney and Netflix can explain away the disappointing growth by citing the surge in viewers earlier in the pandemic. The logic is simple: Far more people signed up for Disney+ and Netflix in the first six months of the pandemic than the companies had counted on. Given the surge, it's only natural that growth would pull back to more \"normal\" levels as the pandemic winds down.Further, both Disney and Netflix can safely assume that subscriber growth will accelerate in the second half of the year as show production begins again in earnest and high-profile content — such as \"Loki\" and \"Luca\" for Disney — comes to streaming video later this year.But there's one significant difference between the two companies where Disney falls far short: average revenue per user.Disney+'s average revenue per user, excluding India's Hotstar, was $5.61 per month. Netflix's ARPU last quarter in the U.S. and Canada was $14.25 per month — up 9% from a year ago.If you're going to have slumping growth, you want your customers paying as much as possible. Disney's Hulu subscription video on-demand service has higher ARPU — $12.08 per month — but its growth was negligible, up just 2 cents per month from a year ago. Hulu has 37.8 million subscribers, which rises to 41.6 million when including those who also purchase live TV.None of this is particularly concerning yet for Disney Chief Executive Officer Bob Chapek, who noted \"every single market has exceeded expectations\" in terms of global subscriber additions. He also pointed out that Disney is still expanding to new countries, with Malaysia and Thailand coming in June.But Disney+ has vaulted into the streaming big leagues. In 2020, the logical comparison for Disney+ wasHBO Max,Peacockand other new media streaming services.Given Disney's success, this year's comparison will be Netflix. Disney has already projected 230 million to 260 million subscribers by 2024. That's Netflix-land. Netflix has about 208 million customers.Netflix has been able to raise prices gradually over the years without stopping global growth. Disney may be able to do the same — but the stark differences in ARPU between the two companies illustrate the long road ahead.","news_type":1,"symbols_score_info":{"DIS":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1950,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":56,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/198869354"}
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