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Walt Disney shares down by almost 10% after Q4 results

On Tuesday, Walt Disney Co. announced its quarterly results which led its shares to drop by 9.93%, reaching $104.90. 

About share drop

Diseny’s online streaming platforms, namely Disney and Hulu reported $47 million in operating income, which on a higher end the company had reported $587 million in loss on a YOY basis.

Operating income 

The revenue for Disney, Hulu and ESPN, also improved reaching $6.19 billion in Q2 while the operating loss was reduced from $659 million to $18 million.

Streaming platforms 

The Disney streaming platform also witnessed an addition of 6 million subscribers.

Subscriber growth 

Despite this, the company's stock price dropped as it announced the difficulty in growing its subscriber base in India and the additional cost of acquiring cricket streaming rights. 

Challenges faced in India

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