During Disney’s Q4 2024 earnings report, CEO Bob Iger accidentally disclosed that 37% of US Disney+ users are on the ad-supported tier, totaling around 20.7 million subscribers. This is slightly higher than the global average of 30%. Despite the unintentional reveal, Disney’s revenue increased by 6% year-on-year to $22.57 billion, driven by successful movie releases and a rise in streaming subscriptions.
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Tesla launches robotaxi service in Austin
Tesla has launched its robotaxi service in Austin, Texas, featuring 10 vehicles with a human safety driver amid scrutiny of its self-driving technology. While shares have risen 50% since April, the initial launch was low-key, limited to select social media influencers, as the company seeks to revitalize sales amid challenges and backlash against Elon Musk's activism. Need More Context? 🔎
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