Disney’s streaming numbers were under the microscope on Wednesday after Netflix’s stock tanked last following its first subscriber loss in a decade. Luckily for the House of Mouse and its investors, Disney+ grew.
New York Disney's streaming numbers were under the microscope on Wednesday after Netflix's stock tanked last month following its first subscriber loss in a decade.
Luckily for the House of Mouse and its investors, Disney+ grew.The streaming service now has 137.7 million subscribers — a gain of roughly 8 million in the company's fiscal second quarter. Those results beat expectations and calmed Wall Street's nerves about the streaming market after Netflix missed so badly with its user growth last month.The results sent shares up as much as 4.5% in early after-hours trading, but the stock's momentum reversed and then fell 3%.Disney notched $19.
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