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Disney+ subscribers dip slightly in Q1, but sports is a bright spot

The news: Disney generated higher revenues than expected in its fiscal Q1 but noted a slight drop in Disney+ subscribers that could spell trouble for its streaming business.

By the numbers:

  • Revenues: $24.7 billion, up 5% YoY and above expectations.
  • Disney+ subscribers: 125 million, down 1% QoQ. With Hulu included, subscriptions were 178 million, up approximately 1%.

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