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Disney Stock Slumps After Streaming Growth Stalls

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variety.com
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Todd Spangler NY Digital EditorDisney shares sank as much as 9% in early trading Thursday after the media conglomerate posted earnings that missed Wall Street expectations and revealed a significant slowdown for its flagship Disney Plus streaming service.Disney Plus hit 118.1 million for the quarter ended Oct.

2, up just 2.1 million over the prior period and a gain that fell far short of consensus estimates of about 10 million net adds.CEO Bob Chapek sought to downplay the miss, touting the streamer’s 60% year-over-year sub growth.

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