Disney Earnings Top Forecasts, Disney+ Loses Subs for First Time – Variety
Written by Black Hot Fire Network on February 10, 2023
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Media conglomerate beats Wall Street expectations for December 2022 quarter
Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2019 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney’s theme parks.
