This Thursday, Disney’s shares fell on Wall Street after the entertainment giant recorded significant drops in the number of subscribers to its main streaming platform in the first quarter, one of its big bets.
Thus, after an hour after the opening, the company’s titles fell almost 9%, by far the largest drop among the thirty values that make up the Dow Jones, the main index of the New York stock market, which today was trading at the low.
Disney’s losses came after the company presented its accounts for the first half of its fiscal year on Wednesday and had profits of US$2,550 million (2,321 million euros), 62% more year-on-year.
However, there was a general reduction in subscribers. The Disney+ platform, the main one, lost 4 million subscribers, up to 157.8 million, and Hulu and ESPN+ had slight increases, standing at 48.2 million and 25.3 million subscribers.
According to analysts, these were the data that today punished the company in the markets, which yesterday also announced that it plans to combine the content of its on-demand content services Disney+ and Hulu in a single application by the end of the year.
Source: Larepublica
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