An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022.
Yousef Saba | Reuter
Disney on Wednesday lowered its longer-term forecast for Disney+ to 215 million to 245 million subscribers, down 15 million on both the low end and high end of the company’s previous guidance.
Disney had previously set its Disney+ guidance in December 2020 at 230 million to 260 million by the end of fiscal 2024. The company reaffirmed its expectation that Disney+ will become profitable by the end of its fiscal 2024 year. Disney’s streaming services lost $1.1 billion in its most recent quarter.
Disney is lowering its forecast for Disney+ after failing to renew Indian Premier League rights for its Disney+ Hotstar streaming service. Excluding Hotstar, Disney Chief Financial…
