Disney's streaming service now has 118.1 million subscribers. That's higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in after-hours trading.
The streaming service now has 118.1 million subscribers. That's higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in after-hours trading.Overall, Disney nabbed $18.5 billion in revenue in the quarter, which was up 26% from last year. That's slightly worse than the $18.8 billion that analysts were expecting.
The streaming service — which celebrates its two-year anniversary this week — grew at a breakneck pace, hitting the milestone of 100 million subscribers in March. This made it one of the most successful streaming services in the market and a direct competitor to Netflix — the leader in the streaming world.That growth has now leveled out, which Chapek warned about in September when he said that the fourth quarter's Disney+ growth could slow down.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Disney Reports Slowing Disney+ Subscriber GrowthDisney reported slowing subscriber growth at its streaming service and lackluster profits, sending shares lower in after-hours trading
Les mer »
Disney stock falls as Disney+ growth slows even more than expectedDisney reported an even more jarring slowdown in Disney+ growth than expected Wednesday while missing expectations for earnings and sales, and shares fell in after-hours trading. $DIS shares fell more than 4% in after-hours trading Wednesday.
Les mer »
Disney Stock Sags After Q4 Results Miss Wall Street ForecastsDisney missed Wall Street forecasts in its fiscal fourth quarter amid a slowdown in streaming, despite a swing back to profit from the depths of the Covid-bedeviled 2020 quarter. The company’…
Les mer »
Disney+ Subscriber Growth Slows, Company Misses Wall Street ExpectationsThe streaming service now has 118 million subscribers, up only 2 million from last quarter.
Les mer »
From Helming ‘Frozen’ to Uplifting New Voices, Jennifer Lee Reflects on Her Disney JourneyIt’s been almost a decade since Jennifer Lee became the first woman to helm a Walt Disney Animation Studios feature film, 2013’s “Frozen.” She partnered with Chris Buck, and the duo co-directed and…
Les mer »
Disney+ Day Promotions Include $1.99 Streaming, Shopping Discounts and Disneyland DealDisney is launching new promotions as part of the company's 'Disney+ Day' on November 12. Among them: $1.99 Disney+ subscription and new movie premieres online.
Les mer »