On Monday, The Walt Disney Company (NYSE: DIS) surpassed analyst estimates with its fiscal second quarter earnings and provided good news from its streaming arena. Although it is still behind Netflix Inc (NASDAQ: NFLX) on the streaming front, when excluding ESPN, Disney+ and Hulu reported a combined profit for the very first time. However, shares tanked 10% upon the report as overall revenue failed to impress for the fourth straight quarter and Disney guided for a softer third quarter for the ex
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This story was first published on the Benzinga India portal. The Walt Disney Company (NYSE: DIS) disclosed its second-quarter earnings on Tuesday, indicating a rough patch for its Indian operations. According to the regulatory filings, Disney+Hotstar saw a significant decrease in its Indian subscriber base during the first quarter, losing about 2.3 million users. Currently, the streaming platform boasts a total of 36 million subscribers in India. Furthermore, the Average Monthly Revenue Per Paid