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In a stark comparison, Netflix's 12-month financial results display total revenue of about $39 billion and operating income of $10.4 billion for 2024. Meanwhile, Disney generates over $90 billion, yet reports significantly lesser operating income of $11.9 billion. This indicates that Netflix, with less than half Disney's revenue, is nearly matching their profitability—a remarkable and telling shift in the media industry.
Challenges Facing Disney
The discussion brings us to the question of Disney's future, particularly concerning Disney Plus. With substantial losses reported in streaming operations and a less innovative approach to content creation compared to Netflix's aggressive content strategy, concerns loom regarding profitability.