The original post: /r/television by /u/AcademicPainting23 on 2025-09-21 21:48:37+00:00.
I keep seeing all the “celebs” and others encouraging to cancel Disney+ hula, ESPN subscription. I will acknowledge that enough indirect pressure could sway Disney.
But let’s get real about what this is really doing to Disney.Let’s says we want to hurt operating income 25%. Which would SHAKE THE PILLARS at any company.
Operating Income OI is $15.6 billion for the company.
Streaming revenue (DTC) had very low FY-24 operating income: Direct-to-Consumer operating income was $143M on $22,776M revenue — an operating margin of roughly 0.6% for the streaming business itself. So how to cut 25% on OI? That’s 3.9 billion dollars.
With DTC’s ~0.6% operating margin, you would need a huge loss of DTC revenue to shave $3.9B off Disney consolidated operating income purely via the DTC margin. In fact, using the DTC operating margin (0.63%), to cut $3.9B of consolidated operating income via streaming’s own margin is impossible.
I hate what happened. It’s not free speech. But these displays of indignant call to action are mathematically absurd. They are throwing stones at fighter jets.