Walt Disney Q4 Earnings Preview: Disney+ Subscriber Figures Will Take Center Stage
Walt Disney (NYSE: DIS) will report fourth-quarter and fiscal 2021 earnings on Nov. 10. The company's streaming services will take center stage -- namely, Disney+, which was launched in November 2019 and has grown to reach 116 million subscribers as of this summer's July 3.
More than any other catalyst, Disney's stock is likely to respond to Disney+'s growth or lack thereof. Management has set a long-term goal for the service of over 200 million subscribers, and investors are worried that the target may be in jeopardy of being lowered after CEO Bob Chapek delivered a warning late in September. All the more reason folks will be focused on Disney's streaming services when the company reports earnings.
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Source Fool.com
