Why Walt Disney Stock Popped Earlier Today
After a string of disappointing earnings reports this year from leading streaming services, Walt Disney (NYSE: DIS) delivered exactly what investors were looking for.
Disney shares were up 7% as of 10:50 a.m. ET after the company posted a 28% increase in revenue over the year-ago quarter. Growth was driven by all business segments, especially the parks, experiences, and products segment, as well as direct-to-consumer streaming services.
Disney+ had another great quarter, adding 14 million net new paid subscribers. With the addition of the Hotstar service in India, total Disney+ subscribers reached 152 million.
Source Fool.com
