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Disney stock falls as Disney+ subscribers decline amid push to lose less money in streaming

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After adjusting for restructuring costs and other effects, Disney reported fiscal second-quarter net earnings of 93 cents a share, down from $1.08 a share a year ago. $DIS declined after the earnings report showed Disney+ subscribers declining recently:

Walt Disney Co. shares declined in late trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months, as executives seek to cut losses in the streaming business.

Disney DIS reported fiscal second-quarter net earnings of $1.27 billion, or 69 cents a share. After adjusting for restructuring costs and other effects, Disney reported earnings of 93 cents a share, down from $1.08 a share a year ago. Revenue grew to $21.82 billion from $20.27 billion a year ago.

 

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