Disney Q4 profit takes hit despite more Disney+ subscribers
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Disney Q4 profit takes hit despite more Disney+ subscribers

Walt Disney said Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Shares in Disney fell 5% in after-market trading. The entertainment company is spending billions to compete with Netflix and others for streaming television customers as traditional TV declines in popularity. Disney+…

Spotify to Hold First Investor Meeting Since 2018 to Hype Wall Street’s Enthusiasm Amid Slowing Economy

Spotify to Hold First Investor Meeting Since 2018 to Hype Wall Street’s Enthusiasm Amid Slowing Economy

The audio streaming service Spotify Technology SA will host its first investor day since going public in 2018 on Wednesday, hoping to stoke Wall Street’s enthusiasm despite the slowing global economy. The company’s stock has tumbled 53 percent so far in 2022, worse than the 24 percent drop in the S&P 500…