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
Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses stalking new records as Sweden becomes the latest G10 central bank to cut interest rates and oil prices plunged. Stocks futures and Treasury yields held pretty steady overnight even after Minneapolis Fed chief and known hawk Neel Kashkari said all policy options were on the table in getting inflation back in the bottle.
The entertainment giant just reported earnings, and the market clearly wasn't happy. Should you buy the stock?