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Summarize

The prompt

When Bob Iger said Disney was no longer going to chase subscribers at the expense of profits, he wasn't kidding. Disney's fiscal second-quarter results Wednesday afternoon contained a couple surprises for the company's streaming business. That segment generated an operating loss of $659 million-nearly $200 million less than Wall Street had expected and way better than the $1 billion torched by that unit three months prior. But the flagship Disney+ service also lost 4 million paid subscribers during the quarter-its biggest drop ever and a shock to analysts who expected the service to add 1.7 million subscribers. Disney's shares fell more than 4% following the report. The quarter ended April 1st was the first full period since Mr. Iger returned to the chief executive officer post at Disney. And it was a busy one, with around half the period consumed by the potential for a proxy battle with an activist investor, and all of it featuring an escalating political fight in Florida. The latter didn't seem to keep people away from the Magic Kingdom; domestic theme park revenue rose 14% year over year to nearly $5.6 billion, which was slightly ahead of expectations. And major cost-cuts and other changes announced by Mr. Iger during the company's last earnings call in mid-February were deemed good enough for activist Nelson Peltz to call off his campaign Summarize the fiscal numbers stated in the article. Keep it under 100 words.

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Source

Hugging Face

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