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After the bell yesterday, Disney reported that its streaming service saw far fewer new subscribers than the company had anticipated. That number came in around 103.6 million viewers versus the projected 109 million.
The media giant is not alone. Netflix, too, reported disappointing data for its last quarter.
The slump makes sense given that both streaming giants logged a surge of subscribers during the first portion of the pandemic and now, as Americans are bracing for a return to “normalcy,” those numbers are falling.
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