Contrary to what happens in the US, Disney’s international business decreased its revenues in 2018. According to Christine McCarthy, CFO of The Walt Disney Company, ‘ESPN international business is so based in Latin America and South America. Currency exchange and fluctuations were what impacted on that’, she pointed.
McCarthey reflected about this into the last analysts conference she carried out with Bob Iger, CEO of the company, last Tuesday announcing the group’s results.
Disney reports international business together with Direct-To-Consumer (including the US). Despite North American growth in DTC, this division’s revenues fell from USD 931 million in last quarter 2017 to USD 918 million in last quarter 2018.
Fall impact in Latin America is greater than the one shown by those figures, because DTC business has been growing in the US, according to Iger. In its OTT format, platform ESPN+ has already added two million subscribers -because 600 thousand incorporated UFC fights-, and addressable advertising grew 5% in that platform.