Walt Disney shares fell 9% after quarterly report

Shares of Walt Disney fell by 9% over the day. That’s how investors reacted to the company’s quarterly report. Subscriber growth for streaming services was a record low for the quarter. One reason is the lack of new projects.

Filming is forced to postpone because of the pandemic. Competitors are having successful releases. The number of visitors to Disney parks has also decreased noticeably. Revenue was $640 million, which is less than forecasted by $302 million.