Woke Disney Stock DESTROYED! Disney+ Loses MILLIONS of Subscribers!

Disney+ shed another 4 million subscribers in the first three months of 2023, marking the streamer’s second consecutive quarterly drop after closing 2022 with its first-ever decline. On the bright side, the Mouse House also managed to narrow its streaming business losses by $400 million, down 26% year over year.

On Wednesday, CEO Bob Iger and Co. beat Wall Street estimates for Disney’s quarterly earnings and revenue due to an impressive January-March showing at the company’s theme parks. That win comes during a fiscal Q2, which concluded April 1, plagued by company-wide layoffs, a looming (and now active) writers strike and a turf war with Florida Gov. Rick DeSantis.

#DisneyPlus
#streaming
#subscribers
#streamingwars
#streamingindustry
#Disney
#entertainment
#quarterlyearnings
#revenue
#themeparks
#COVID19
#pandemic
#layoffs
#writersstrike
#FloridaGovernor
#BobIger
#MouseHouse
#streaminglosses
#financialresults
#DisneyNews

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