Streaming Wars: A Comparative Analysis of Major Players
The landscape of streaming media has evolved dramatically in recent years, with major players like The Walt Disney Company ($DIS), Warner Bros. Discovery, Inc. ($WBD), Paramount Global ($PARA), Netflix, Inc. ($NFLX), and Comcast Corporation ($CMCSA) shaping the industry's future. This article delves into a comparative analysis of these companies, examining their financial performances, restructuring initiatives, strategic directions, and their standing in the ongoing 'streaming wars'.
Current Subs at the end of Sept 2023:
WBD: 95.1M
Disney+: 112.6M
Hulu: 43.9M
Paramount: 63M
Peacock: 28M
Netflix: 247.5M
Financial Overview
The Walt Disney Company ($DIS)
Disney's Q4 adjusted EPS nearly tripled from the previous year, signaling robust growth. The company reported significant increases in Q4 operating income across various segments, underlining its diverse income sources. A notable achievement is Disney’s plan to achieve approximately $7.5 billion in cost reductions.
Warner Bros. Discovery ($WBD)
Warner Bros. Discovery shows a resilient financial picture with over $2 billion in free cash flow in Q3 and a commendable effort in debt reduction, decreasing nearly $12 billion since last year.
Paramount Global ($PARA)
Paramount Global reports a bright spot with Paramount+ subscribers surpassing 63 million and a 38% increase in DTC revenue growth. The company's focus on cost management has resulted in strong free cash flow.
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