Disney reported second quarter results Thursday, posting lower-than-expected revenue and subscriber counts for its streaming service.
The company’s stock dipped more than 4% in after-hours trading.
- Earnings per share: 79 cents vs 27 cents expected in a Refinitiv survey of analysts
- Revenue: $15.61 billion vs $15.87 billion expected in the survey
The company missed on subscriber estimates for Disney+, coming in at 103.6 million paid subscribers. It was expected to post 109 million.