Disney stock plunges as Q4 revenue misses estimates amid linear TV pressures

Disney (DIS) stock plunged more than 8% Thursday after the company reported mixed fourth quarter results on Thursday as continued declines in its linear TV business offset strength in parks and streaming Disney reported revenue of $22.46 billion for the quarter, missing analyst expectations of $22.83 billion and coming in roughly comparable to the year-earlier period. A 6% revenue drop within the company's entertainment division, which includes its streaming, TV, and theatrical businesses, contributed to ...