Disney primed for an epic comeback as pandemic woes begin to settle. Marvel Studios
Disney stock has continued to rise throughout the pandemic despite losses of billions upon billions of dollars every quarter. Why? Because Disney+ is an unstoppable streaming behemoth…up until a point, of course. Nothing lasts forever and that includes the unmitigated success of Disney+.
Disney Q2 Earnings Results
Disney reports that Disney+ has grown to 103 million worldwide subscribers as of April 3rd. This marks the company’s first miss relative to expectations as projections were 110 million. However, the sky is far from falling on the Magic Kingdom. With COVID restrictions lifting, Netflix missed projections last quarter and a slowing of Disney+ growth was not out of the question. From January 2 (Q1), Disney+ has still added 8.6 million new subs.
While the Mouse House does expect to incur…
