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Disney slips over 3% as quarter's streaming subs fail to rise to pandemic occasion
Walt Disney is 3.38% lower on its fiscal second-quarter earnings report, where revenues fell worse than expected and itshighly watched Disney Plus subscriber numbers fell short of expectations.Revenues fell 13.3% to $15.6B, some $320M short of consensus, as streaming didn't mitigate parks losses as much as expected. And profitability measures by contrast came in ahead of expectations.EPS excluding certain items rose 32% to $0.79, however. . But Disney Plus subscribers hit 103.6M. That's roughly
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