Walt Disney Co. reported weaker-than-expected fourth-quarter earnings Tuesday as losses continued to widen in the streaming business, offsetting the strong performance of the company’s theme parks.
In the three months ended Oct. 1, the company’s flagship streaming service Disney+ added 12.1 million net new accounts, bringing its global total to 164.2 million subscribers. Analysts were expecting 8.86 million additions, according to FactSet.
Go woke, go broke
Shares down 8% today. What the hell is Chepak doing?