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Walt Disney Co reduced losses in its streaming media unit by more than $400 million from the prior quarter, the company said on Wednesday as it reported earnings in line with Wall Street... | May 10, 2023
Disney reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported.
By Lisa Richwine and Dawn Chmielewski
Disney+ lost 4 million subscribers during the company's second fiscal quarter, mostly because of softness in its Hotstar streaming product in India.
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Walt Disney Co reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported on Wednesday as quarterly earnings landed in line with Wall Street expectations.