Disney misses on profit and key revenue segments, warns streaming growth could taper
-Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter Tuesday.
-The company warned strong streaming growth for its Disney+ platform may taper going forward.
-Both its parks and media divisions underperformed estimates during the period.
Shares of the company fell roughly 8% in after-hours trading.
Here’s how the company performed in the period from July to September:
-The company warned strong streaming growth for its Disney+ platform may taper going forward.
-Both its parks and media divisions underperformed estimates during the period.
Shares of the company fell roughly 8% in after-hours trading.
Here’s how the company performed in the period from July to September:
![Disney misses on profit and key revenue segments, warns streaming growth could taper](https://ussnsimg.moomoo.com/1667987116255-101638369-android-org.png/bigmoo)
Combined, Hulu, ESPN+ and Disney+ have over 235 million streaming subscribers. Netflix, long the leader in the streaming space, had 223 million subscribers, according to the most recent tally.
The company reported record results in its parks, experiences and products segment, Chapek said. The revenue increase more than 34% to $7.4 billion during the quarter.
The parks unit, specifically, brought in $815 million in operating income, well shy of the $919 million expected by StreetAccount.
The company reported record results in its parks, experiences and products segment, Chapek said. The revenue increase more than 34% to $7.4 billion during the quarter.
The parks unit, specifically, brought in $815 million in operating income, well shy of the $919 million expected by StreetAccount.
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