The entertainment giant's stock is down 15% year to date, badly trailing the S&P 500's gain of 26%. A slowdown in growth at Disney+ and the resurgence of the delta coronavirus variant helped torch what had looked like a promising year for the family entertainment company. Disney shares tumbled after its fiscal 2021 fourth-quarter earnings report in November as the company missed top- and bottom-line estimates and added just 2.1 million Disney+ subscribers, showing the blistering growth the streaming service experienced early in the pandemic has faded. Read More...
The entertainment giant’s stock is down 15% year to date, badly trailing the S&P 500’s gain of 26%. A slowdown in growth at Disney+ and the resurgence of the delta coronavirus variant helped torch what had looked like a promising year for the family entertainment company. Disney shares tumbled after its fiscal 2021 fourth-quarter earnings report in November as the company missed top- and bottom-line estimates and added just 2.1 million Disney+ subscribers, showing the blistering growth the streaming service experienced early in the pandemic has faded.
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