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  • Disney’s streaming losses improve even as subscriber numbers decline

    05/10/2023 3:01:47 PM PDT · by ConservativeInPA · 20 replies
    CNBC ^ | May 10, 2023 | Sarah Whitten
    KEY POINTS - Disney’s streaming losses narrowed during the fiscal second quarter, as price increases helped offset the loss of subscribers at Disney+. - The company posted revenue and profit in line with Wall Street’s projections. - Disney reported significant growth at its theme parks during its second fiscal quarter. However, its linear TV unit struggled.——- break ——- Wall Street had expected Disney+ subscriptions to grow less than 1% during the quarter to reach 163.17 million users. However, the service saw a 2% decline in memberships, falling to 157.8 million subscribers from 161.8 million as of Dec. 31. The majority...