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

Updated at 9:44 am EST

Walt Disney  (DIS) – Get Walt Disney Company Report shares slumped to a two-year low 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+ streaming services hit 137.7 million, topping well ahead analysts’ estimates by around 2 million.

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