5 Things Investors Need to Know About Disney's Streaming Business
Walt Disney (NYSE: DIS) disappointed investors when it reported just 2.1 million net additions to its Disney+ streaming service for the fourth quarter. While CEO Bob Chapek warned investors about "low-single-digit millions" of subscriber additions for the fourth quarter in September, 2.1 million barely meets the definition of "millions" (with an S).
Digging deeper into the quarterly report and management's earnings call with analysts provided a lot more detail on the streaming business and what investors can expect from the company going forward. Considering the importance of streaming to Disney's future as a media company, here are five things investors need to know.
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Source Fool.com
