Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co to higher profits and revenue in its fiscal second quarter. But the company lost four million streaming subscribers to its Disney+ service and its shares fell 4.5% in after-hours trading. For the three months ending on April 1, Disney earned 1.27 billion dollars (£1.35 billion) or 69 cents per share. That compares with 470 million dollars (£373 million) or 26 cents per share a year ago. The company lost four million subscribers at its Disney+ streaming service, ending the second quarter with 157.8 million paying subscribers.

Source: The Times May 11, 2023 04:05 UTC