The Walt Disney Company reported quarterly revenue below Wall Street expectations. The company announced it was continuing to cut costs by more than $5.5 billion it pledged to investors in February.
The entertainment group, which posted quarterly profit below expectations, revealed that the number of subscribers to Disney+ in the United States was slightly below analysts' expectations. Disney reported revenue of $22.33 billion in the quarter ended July 1, up 4 percent from a year ago but below Wall Street's median estimate of $22.5 billion.
Source (Al-Arabiya.net Website, Edited)
