Walt Disney Stock Eyes Steep Drop on Revenue Whiff

The shares of Walt Disney Co (NYSE:DIS) are down 5.7% before the open. While adjusted fiscal fourth-quarter earnings of $1.11 per share topped estimates, revenue of $22.46 billion fell short of expectations. The company noted that while streaming service Disney+ added 3.8 million subscribers, ad revenue for its linear TV business continued to fall, and the YouTubeTV carriage spat looms large. Should these losses hold, DIS will mark its biggest single-day percentage drop since April and snap a four-day win s ...