Disney+ streaming surpassed investor forecasts

Disney+ streaming has once again surpassed Wall Street investors' expectations. According to its quarterly report, the company added 7.9 million subscribers, confirming speculation that it could take the lead in streaming in the near future.
Wall Street's expectations for Disney + are said to have varied, but they all ranged from 4.5 million to five million new subscribers per quarter.
Disney also reported revenue of $19.2 billion and earnings of $3.7 billion on earnings per share of $1.08. Analysts had expected revenue of $20.1 billion, operating income of $3.3 billion and earnings per share of $1.17. The decline in earnings per share can be attributed to a change in the tax laws of the SCA, which increased the company's effective tax rate from 8.8 percent a year ago to 45.8 percent last quarter, a more than five-fold increase.
We also learned that Disney-owned streaming service Hulu added 300,000 new subscribers, bringing its subscriber base to 45.6 million, and ESPN+ added one million subscribers, reaching 22.3 million.