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Subscriber growth at Walt Disney Co.’s flagship streaming service has slowed in the current quarter, Chief Executive Bob Chapek said Tuesday, a development that sent company shares falling in midday trading.
Investors should expect a subscriber increase in the “low single-digit millions” for Disney+ after the service encountered headwinds, Chapek said. In its most recent quarter, Disney+ subscriber numbers beat estimates when the service added more than 12 million subscribers, reaching 116 million.
