But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months.
Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million.
AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar.
So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street.
And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.
Persons:
—, India's, Hugh Johnston, Geetha Ranganathan, Kevin
Organizations:
Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence
Locations:
Hulu, India