After a year of maneuvering on both sides, Walt Disney Co. is suing Florida Gov.
Photo Composition: Rachel RogersWhen Walt Disney Co. reports second-quarter earnings Wednesday afternoon, all eyes will be on streaming, but not for the usual reasons.
Investors will be looking for the entertainment giant to show meaningful progress cutting losses in its direct-to-consumer business, which includes flagship streaming service Disney+, as well as other platforms such as Hulu, ESPN+ and India’s Hotstar.
Since Disney+ launched in November 2019, most of the attention has been on the service’s rapid pace of growth.
Over the past couple of quarters, direct-to-consumer losses have narrowed, from $1.47 billion in the October quarter to $1.05 billion in the holiday quarter.