Disney Stock Slumps As Soft Q2 Earnings, Rising Costs Offset Solid Disney+ Streaming Growth

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The Street

By Martin Baccardax “We’re very carefully watching our content cost growth,” said CEO Bob Chapek. Walt Disney (DIS) – Get Walt Disney Company Report shares slumped lower Thursday after the media and entertainment giant cautioned that surging inflation and supply-chain snarls could blunt near-term profits, casting a cloud over a better-than-expected tally of subscriber addition to its Disney+ streaming service. Disney added 7.9 million subscribers over the whole of the quarter, taking ESPN+ to 22.3 million paid subscribers and Hulu to 45.6 million, while overall subscriber totals for its Disney…

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