REUTERS/Eduardo Munoz Disney stock jumped as much as 10% on Wednesday, adding more than $21 billion to the entertainment giant's market capitalization. Investors celebrated the news that Disney Plus has attracted more than 60 million subscribers in its first nine months. However, Disney's revenue plunged 42% last quarter as pandemic-related closures of theme parks, stores, and cinemas hammered its business. Lower revenues and $5 billion in restructuring and impairment charges translated into a $...
Disney's market value soars by $21 billion after Disney Plus hits 60 million subscribers
Business Insider - 5 Aug 2020 17:49
REUTERS/Eduardo Munoz Disney stock jumped as much as 10% on Wednesday, adding more than $21 billion to the entertainment giant's market capitalization. Investors celebrated the news that Disney Plus has attracted more than 60 million subscribers in its first nine months. However, Disney's revenue plunged 42% last quarter as pandemic-related closures of theme parks, stores, and cinemas hammered its business. Lower revenues and $5 billion in restructuring and impairment charges translated into a $...
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