Disney (DIS) missed its third-quarter revenue estimates by $180 million — reporting revenue of $22.33 billion — and beating earnings expectations with gains of $1.03 per share. Ultimately, the entertainment company missed Disney+ subscriber growth projections while managing to narrow its losses tied to the streaming segment.
Ranganathan goes on to define the metrics streaming companies are chasing rather than raw subscriber growth, the outlook for ESPN's sports betting deal with Penn Entertainment (PENN), and the continuing impact of the Hollywood writers and actors' strikes on production studios.
