Walt Disney Co.
regained momentum in subscription growth for its flagship
+ streaming service and reported record income from its theme parks and resorts, signaling that the worst of the damage the company suffered from the coronavirus pandemic may be behind it.
reported 11.8 million new
+ subscribers to reach 129.8 million subscribers at the end of the holiday quarter, up from 118.1 million subscribers in the prior quarter, beating analysts’ expectations the service would add fewer than seven million additional subscribers, according to FactSet.
Disney posted $21.82 billion in revenue for the quarter, compared with $16.25 billion a year earlier. Analysts were expecting the company to report revenue of $20.27 billion.
“We are more confident…
