February 13, 2021
146M subscribers and 4 years ahead of plan. Why The Walt Disney Company is winning?
- Audience and strong IP
- Recurring revenue driving the flywheel
- Commitment to the new paradigm
Disney is committed to being the entertainment company of the future, where content is streamed, guest relationships recurring, and IP extending across content, experiences & consumer products. Investors believe so as well.
While Disney’s cash flow and earnings are at it’s lowest since 2010 (from $19B in 2019 to $5B in 2020), the company market cap has never been stronger (from $232B end-2019 to $341B currently). The company is valued at a revenue multiplier similar to Facebook, Google, Apple.
As soon as parks & resorts can resume full operation, Disney is positioned better than ever to spin a true flywheel across content, consumer products, experiences (parks, resorts, cruises): a bundle that every family will have to have.
In addition to Disney+ geographical expansion, it will soon have a hub for general entertainment content under the Star brand and launching a standalone Star+ service in Latin America.