The actions of Disney fell sharply this Thursday in Wall Street after the entertainment giant recorded significant drops in the number of subscribers to its main streaming platform in the first quarter, one of its big bets.
An hour after the opening, the company’s shares were down almost 9%, by far the largest drop among the thirty stocks that make up the Dow Jonesthe main index of the New York stock market, which was trading lower today.
Disney’s losses came after the company filed after the stock market closed on Wednesday its accounts for the first semester of its fiscal year, when it had profits of 2,550 million dollars (2,321 million euros), 62% more year-on-year.
In addition, it announced an improvement in the finances of its streaming segment, which increased its quarterly income to 5,514 million (12% more) and reduced its operating losses by 26% to 659 million.
However, there was a general reduction in subscribers, as The Disney+ platform, the main one, lost 4 million subscribersup to 157.8 million, and Hulu and ESPN+ had slight increases, standing at 48.2 million and 25.3 million subscribers.
According to analysts, these were the data that today punished the company in the markets, which yesterday also announced that it plans to combine the content of its on-demand content services Disney + and Hulu in a single application that will be available in the US. later this year.