Disney’s Iger Claims Company Has ‘Turned the Corner’ Despite Hemorrhaging Subscribers

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Can a company truly be thriving as its flagship streaming platform is losing over a million subscribers?

Conventional wisdom would say “no,” but Disney CEO Bob Iger apparently thinks otherwise.

On Thursday, Disney dropped its first quarter earnings report for fiscal 2024, and there were some curious distinctions made by the House of Mouse.

Speaking via the report, Iger claimed that whatever (major) issues that had been afflicting the Walt Disney Company were now in the rear view mirror.

“Just one year ago, we outlined an ambitious plan to return The Walt Disney Company to a period of sustained growth and shareholder value creation,” Iger said.

Keep in mind that Iger has found himself under some intense scrutiny of late, given his exorbitant salary and Disney’s box office woes.

Iger added: “Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company, focused on fortifying ESPN for the future, building streaming into a profitable growth business, reinvigorating our film studios, and turbocharging growth in our parks and experiences.

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