5 things you might have missed in Disney's latest earnings

Anna Heim 9 hours

The Walt Disney Company reported better-than-expected results last week when it reported results for the second quarter of 2022 (the company's third fiscal quarter.)

The data point that caught the most attention? That Disney DTC subscription total - including Disney+, but also Hulu and ESPN+ - reached 221.1 million.

Many headlines then focused on the total number of Disney streaming subscriptions, which now exceeds that of Netflix. This focus is understandable - who doesn't love rivalry? But it's also remarkable because their numbers are moving in the opposite direction.

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As you may recall, Netflix lost nearly 970,000 net subscribers in the three months ending June 30. That was less than expected in April, when he predicted a net loss of 2 million subscribers. And its 220.67 million subscribers are not far from those of Disney. But the contrast between their fates still makes headlines, for good reason.