Walt Disney (DIS) Stock Falls 4% Following Q4 Miss

Walt Disney (NYSE: DIS) shares were trading more than 4% lower after-hours, following the company’s reported Q4 results, with both EPS and revenue of $0.37 and $18.53 billion missing the consensus estimates of $0.44 and $18.78 billion, respectively.

According to Bob Chapek, the CEO of Walt Disney, they are extremely pleased with the success of the company’s streaming business, with 179 million total subscriptions across its DTC portfolio and 60% subscriber growth year-over-year for Disney+. Chapek said they continue to manage DTC business for the long-term, and are confident that their high-quality entertainment and expansion into additional markets worldwide will enable them to further grow their streaming platforms globally.

The number of paid subscribers for Disney+ grew 60% year-over-year to 118.1 million in Q4, in comparison to 17.1 million (up 66%) for ESPN+ and 43.8 million (up 20%) for Hulu.

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