Pluto TV Reaches $1 Billion Annual Revenue Milestone A Year Ahead Of Schedule
Pluto TV, which was founded in 2014, has become a $1 billion-a-year business a year ahead of schedule.
deadline.com
And it's dragging down DIS with it.Netflix beat earnings, matched revenue and modestly beat sub projections (which isn't saying much since Squid Game was during this period).
But, Netflix now anticipates 2.5 million subs for Q1 2022, below the 6.26 million analysts were expecting.
Stock down nearly 11% AH
At least Disney has other divisions that will bail them out of massive losses. Netflix will only survive because of the numbers they have.And it's dragging down DIS with it.
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