On corporate earnings calls across the sector, executives have been touting their streaming profits and planning, envious of Netflix’s margins, which hover in the mid 20 to low 30 percent range.
“The way we’re going to get there is through revenue growth and through driving operating leverage through the business,” Disney CFO Hugh Johnston told Wall Street analysts Nov. 13. “We didn’t give a specific revenue guide, but our objective and our aspiration is very much to be growing the top line of that business by double digits, as we did on an apples-to-apples basis in Q4. That’s what…
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