Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Disney's Streaming Business Is Still Bleeding Cash -- and Now Subscribers

TheMotleyFool

0 0

Disney's Streaming Business Is Still Bleeding Cash -- and Now Subscribers: https://g.foolcdn.com/editorial/images/720032/getty-person-feeling-worried-looking-at-a-laptop.jpg

The good news is that Disney's (NYSE: DIS) streaming business lost less money last quarter than it did a quarter earlier. The bad news is that it's still losing plenty of it.

The media giant's direct-to-consumer arm suffered an operating loss of $1.0 billion during the three-month stretch ending in December, despite driving record revenue of $5.3 billion.

It would be easy to conclude the glass is now half-full -- or at least full enough -- for this young endeavor. And most investors did exactly that. Disney shares popped 8% higher in Wednesday's after-hours trading following the post-close release of the fiscal first-quarter figures.

Source Fool.com

Like: 0

DIS

Share