PDYPF - Disney call: Content surge to help after 2022 Disney+ slowdown; Pursuing sports betting 'aggressively'

Walt Disney (NYSE:DIS) has now slipped 4.6% postmarket after a disappointing end to its fiscal 2021, where some rebounding parks business was overshadowed by financial misses and the slowest Disney+ subscriber growth in its two-year history. On the company's earnings call, early questions focused on the slowdown in Disney+ subscription growth, just ahead of an event Disney is planning to unveil all the investment it's been making in new programming. Fiscal 2022 - the upcoming year - will represent the peak of financial losses for Disney+, Chief Financial Officer Christine McCarthy says. But while they're "thrilled" about the content coming in the first three quarters of the coming fiscal year, the fourth quarter "will be more indicative of what the slate could look like." That's the first quarter where the company will be offering original content from all five of its major brands - Disney, Marvel, Star Wars, National Geographic

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Disney call: Content surge to help after 2022 Disney+ slowdown; Pursuing sports betting 'aggressively'