Disney+ growth has slowed. That's bad news for Disney
CNN
Streaming has carried Disney through the pandemic with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe shined a little less bright on Thursday.
Disney+ now has 103.6 million subscribers, below the 110 million that many on Wall Street were expecting. Disney's stock was down as much as 4% in after hours trading after the news of its subscriber growth drop. This is very similar to what happened to Netflix (NFLX), whose stock took a tumble following sluggish subscriber growth in the last quarter.
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