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Stock impact report

After body blows from activist investor Nelson Peltz, Disney's Iger says streaming is ‘on track' to profitability [Fortune]

Charter Communications, Inc. - Class A (CHTR) 
Last charter communications, inc. - class a earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.charter.com
Company Research Source: Fortune
The media behemoth reported Q2 earnings on Tuesday, and it's cloooose, but not quite at its long-awaited streaming profitability milestone. Disney's streaming unit lost $18 million this quarter, which sounds bad until you learn that it reported a $659 million loss in the same quarter last year. Overall, revenue increased to $22.1 billion for the quarter, up ever so slightly from $21.8 billion in Q2 2023. CEO Bob Iger said the company remains “on track to achieve profitability in our combined streaming businesses in Q4.” He continued: ?“Looking at our company as a whole, it's clear that the turnaround and growth initiatives we set in motion last year have continued to yield positive results.” In 2023, Disney inked a multiyear distribution agreement with Charter Communications , which allows the company to integrate Disney's streaming options with Spectrum's broadband plans. That deal took effect in September of last year and the company's flagship streaming service, Disney+, saw Show less Read more
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