The great streaming slowdown of 2022 hasn't hit Mickey Mouse yet.
Walt Disney Co. on Wednesday reported better than expect subscriber growth from its marquee streaming service Disney+ as it charged forward with its direct-to-consumer transformation, while increasing revenue from its crucial theme parks business.
The Burbank entertainment giant said Disney+ added nearly 8 million subscribers during the second quarter, exceeding analyst estimates. Wall Street had expected Disney+ to gain about 5.2 million paying members, according to FactSet. The service now has 137.7 million subscribers.
