Walt Disney Co reported results on Wednesday that did not meet the estimates of Wall Street about the paying subscribers of your business real-time video transmission (streaming)When the service struggles with intense competition and vaccination opens up other avenues of entertainment.
The total number of paying subscribers of Disney+ it stood at 118.1 million at the end of the fourth fiscal quarter, compared to expectations of 126.19 million, according to FactSet.
Instead, Netflix Inc. added 4.38 million subscribers between July and September to reach 213.6 million worldwide, helped by its megahit The Squid Game.
Disney it also failed to meet analyst estimates for quarterly revenue.
Revenue amounted to $ 18.53 billion in the fourth quarter, down from $ 14.71 billion a year earlier, but analysts were expecting $ 18.79 billion, according to IBES data from Refinitiv.
Net profit attributable to the company was $ 159 million, or 9 cents a share, compared to a loss of $ 710 million, or 39 cents a share, a year earlier.
Reference-www.eleconomista.com.mx