Did You Miss This Valuable Info in Disney's Latest Earnings?
Walt Disney (NYSE: DIS) management showed its experience and flexibility during the pandemic with a pivot in its business strategy to accelerate the rollout of its streaming television offerings. Investors cheered the success of Disney+ in particular, as it exceeded 100 million subscribers earlier this year, only about 16 months after its launch.
In its second-quarter 2021 earnings release, the company announced a total of 103.6 million Disney+ subscribers as of April 3, and investors were disappointed that the pace of growth had begun to slow. The result was a 5% drop in the share price in the days following the announcement. But investors focused on the streaming data figure missed a more important one that provided an opportunity to invest in a company with an iconic brand and plenty of upside potential.
Cinderella castle reopening salute to first responders. Image source: Walt Disney.
Source Fool.com
