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Walt Disney and Co. (DIS) lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts’ expectations.
Key Takeaways
- Disney reported earnings per share (EPS) of $1.03 per share, topping expectations of 95 cents a share.
- Revenue was 4% higher on the year, but the company lost about 12M streaming subscribers.
- Some analysts still see an Apple takeover of Disney in the future.
Disney’s reported a net loss of $460 million or 25 cents a share for the quarter, compared to a $1.4 billion profit, or 77 cents per share, for the same period last year, primarily driven by a $2.65 billion restructuring and impairment ch…
Read the full article at: https://www.investopedia.com/disney-subscriber-woes-restructuring-costs-mixed-earnings-7593708