Episode 94: All The Latest Q1 Data From Disney, Fubo, Vimeo, Amazon, Fastly and Cord Cutting

This week, we detail all the P&L numbers from the Q1 earnings across OTT platforms and streaming vendors. We highlight that while Disney+ and Hulu had an operating income of $47M, the rest of Disney's business didn't fare well, with linear TV operating income slumping 22% and linear network revenue across Disney’s portfolio falling 8% (excluding ESPN). We discuss why simply cutting costs isn't enough, and that Wall Street wants to see growth, which is why Disney's stock was down 10% after earnings. We detail Vimeo's Q1 earnings but, more importantly, debate what the future holds for the company. While Vimeo expects an operating loss of only about $3 million for the full year 2024, their projected revenue guidance means revenue would be down 8% to 4% year over year. We review all the infrastructure numbers from Fastly, Cloudflare and AWS, with Fastly breaking out revenue by service for the first time and lowering full-year guidance, sending its stock down 27%. We also detail how AWS's growth rate puts it on a $100 billion annual revenue run rate. Also interesting was Amazon's CEO saying that AI will drive "tens of billions of dollars" in revenue over the next several years.Podcast produced by Security Halt Media