ORLANDO — (CNN) Disney’s most important brand, ESPN, saw an increase in subscribers but it wasn’t enough to please Wall Street on Tuesday.
During a Tuesday earnings call with investors, Disney CEO Bob Iger announced that the sports network had an “uptick” in subscribers over the last couple of months.
Iger cited a love of sports and smaller cable bundle packages like Sling had helped to bring in young people and cord-cutters to cable packages leading to the uptick
According to Iger, the company also had its “greatest single quarter in the history” thanks to “Star Wars: The Force Awakens” which propelled the Mouse House to record box office totals.
Yet, the news wasn’t good enough for Wall Street.
The company’s stock was down as much as 6% in after hours trading on Tuesday evening.
Disney reported overall revenues of $15.2 billion with huge growth in its studio entertainment thanks to “The Force Awakens.”
The company’s cable networks, which includes ESPN, reported revenue of $4.5 billion which exceeded analyst predictions of $4.4 billion.
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