Yahoo Finance reporter Allie Canal explains why more customers are canceling their streaming subscriptions as costs rise and more competitors enter the mix.
Disney's (NYSE: DIS) stock recently rallied to its highest levels in nearly four months following its third-quarter earnings report. Why did Disney underperform the market? Disney struggled with three major headwinds over the past few years.
Walt Disney (NYSE: DIS) blew the market away with its second-quarter earnings report. It not only beat Wall Street predictions on its top and bottom lines but also catapulted the entertainment giant into the lead over rival Netflix (NASDAQ: NFLX) by adding 14.4 million new subscribers to its Disney+ streaming service. Disney now has 221.1 million subscribers to its various streaming services, compared to 220.7 at Netflix.