Walt Disney's Hulu and Disney+ Subscribers Jump
Walt Disney's (NYSE: DIS) recent launch of Disney+ and its move to buy out the remaining stake in Hulu continue to pay off for the media giant. Fiscal Q2 was another good quarter for the two services.
Notably, since Disney's fiscal second quarter ended on March 28, some of the impact of stay-at-home orders on the company's' business -- both negative and positive -- were limited to the last few weeks of the quarter. Sure, the company's parks in China were shut down during the first half of the period. But it wasn't until later during the quarter that the coronavirus began affecting many markets outside China. That meant the positive impact on streaming TV due to many consumers sheltering at home didn't have much time to contribute to Disney's fiscal Q2. Nevertheless, the media company still saw sharp growth in paid users for its streaming services.
Disney+. Image source: Walt Disney.
Source Fool.com
