The news: Disney generated higher revenues than expected in its fiscal Q1 but noted a slight drop in Disney+ subscribers that could spell trouble for its streaming business.
By the numbers:
- Revenues: $24.7 billion, up 5% YoY and above expectations.
- Disney+ subscribers: 125 million, down 1% QoQ. With Hulu included, subscriptions were 178 million, up approximately 1%.