The company’s stock dipped around 3.5% 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, according to FactSet.
The streaming service 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. Still, the…