Disney Doubles Streaming Subscribers
Walt Disney (NYSE: DIS) reported second-quarter earnings on Thursday, May 13, leaving some investors disappointed. Shares of the entertainment giant were down as much as 4% following the announcement.
The bulk of the disappointment came from slower-than-expected growth in streaming subscribers. Still, Disney doubled its streaming subscriber total from the same quarter last year. Its segment that includes theme parks was awful , but investors were already expecting dismal results there. Capacity restrictions and continued closure at its theme park in Paris will weigh down the segment for at least a little while longer.
Disney reaches 159 million streaming subscribers. Image source: Walt Disney.
Source Fool.com
