On the other hand, revenue, which grew 5.4% to $2.2 billion, was in line with analyst estimates of $21.4 billion.
The company said it added nearly seven million Disney+ streaming subscribers in the quarter, with the inclusion of “Guardians of the Galaxy Vol. 3” and the original series “Star Wars: Ahsoka.” Disney+ and Disney+ Hotstar together have 150.2 million subscribers, ahead of Visible Alpha’s estimate of 147.4 million.
“As we look to the future, there are four key building opportunities that will be critical to our success: achieving significant and sustained profitability in our streaming business, making ESPN the preeminent digital sports platform, improving production and economy of our movie studios and accelerate growth in our parks and business experiences,” Iger added.
With information from Reuters