Disney beats estimates for Disney+ subscriptions; shares rise GlobeBusiness
A Disney logo forms part of a menu for the Disney+ streaming service on a computer screen in Walpole, Mass., in this Nov. 13, 2020, file photo.Walt Disney Co said its Disney+ streaming service had 26.5 million subscribers at the end of the quarter and beat analysts’ estimates for quarterly revenue on Tuesday, riding on the box-office success of its animated film “Frozen:2”.
In October, the largest U.S. wireless carrier by subscribers said it would offer a year-long subscription to Disney+ with its unlimited plans. Disney+ had 26.5 million subscribers at the end of Dec. 28, while analysts at three brokerages had expected the company to report 20 million subscribers.
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