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11.02.2020 15:15:43

Disney Updates Investors on Disney+ and Novel Coronavirus

Walt Disney (NYSE: DIS) reported its fiscal 2020 first-quarter results on Feb. 4. Among the many data points to come out of the report, the media giant noted that earnings exceeded investor expectations on Disney+ subscriber growth. The company previously revealed it had signed up 10 million customers on the first day of release for the streaming service, but the growth since then has been positively surprising.On the negative end, the company pointed out that the outbreak of novel coronavirus that is believed to have originated in Wuhan, China, and spread throughout the country is causing disruptions in its theme parks in Asia. The virus impact is lower in its Hong Kong park only because expectations were already lowered due to ongoing political unrest in the region.Let's dig deeper into Disney's quarterly report and see what it might entail for investors.Continue reading
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