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Disney misses on subscriber expectations, parks revenue still hurt by Covid restrictions – CNBC

Disney+ had been bolstering the company’s success as it was losing out on business from Covid restrictions, but it seems the rapid growth is starting to slow.

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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

Streaming
The company missed on subscriber estimates for Disney+, coming in at 103.6 million paid subscribers. It was expected to post 109 million.
The streaming…

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