Disney shares rise after reporting 73 million paid Disney+ subscribers, losses not as drastic as expected

Disney reported earnings after the bell. Here are the results. Read more...

A Disney cast member welcomes guests to Magic Kingdom Park at Walt Disney World Resort on July 11, 2020.

(Photo by Matt Stroshane/Walt Disney World Resort via Getty Images)

Disney reported earnings after the bell. Here are the results.

Loss per share: 20 cents, vs 71 cents expected, according to Refinitiv survey of analysts
Revenue: $14.71 billion, vs $14.20 billion expected, according to Refinitiv

Disney said its streaming service, Disney+, now has 73 million paid subscribers as of the end of the fourth quarter.

Shares rose as much as 6% after hours.

This story is developing. Check back for updates.

Disclosure: NBCUniversal is the parent company of Universal Studios and CNBC.