Month: May 2021

Disney sees positive signs for business as streaming growth cools

Disney sees positive signs for business as streaming growth cools

The Walt Disney Company said on Thursday that it is seeing “encouraging signs of recovery” across a wide range of its businesses, while its streaming television service has slowed compared to expected in the recently ended quarter. TV streaming service Disney + ended the quarter with about 104 million subscribers, lower than expected but still Read More

Airbnb sees massive travel rebound ahead

Airbnb sees massive travel rebound ahead

Airbnb said on Thursday that it expects “a travel rebound unlike anything seen before” as the home sharing platform posted a major loss for the previous quarter. The San Francisco “sharing economy” firm reported a $ 1.2 billion loss in the first quarter, primarily due to accounting requirements, debt payments and lump-sum costs for other Read More