Disney beats earnings estimates and almost wipes out streaming losses as Bob Iger's turnaround plan pays off [Business Insider]
Walt Disney Company (The) (DIS)
Last walt disney company (the) earnings: 2/4 04:05 pm
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Source: Business Insider
Disney expects its streaming business to turn a profit for the first time later this year. The Walt Disney Company posted better-than-expected quarterly earnings on Tuesday as losses in the entertainment giant's streaming division tumbled Disney's earnings per share of $1.21 for the three months to March 31 beat the $1.10 figure analysts were predicting, per data from Refinitiv, while its revenue of $22.08 billion fell narrowly short of Wall Street's forecasts. However, the stock fell about 5% before Tuesday's opening bell despite the better-than-expected earnings. Disney expects its streaming business to turn a profit for the first time in the fourth quarter. Losses narrowed to just $18 million, down from $659 million this time last year. Meanwhile, profits climbed 12% in the parks division. It's the fourth consecutive quarter that Disney has beaten earnings estimates, in a sign that CEO Bob Iger's turnaround plan is working after a long proxy battle against activist inves
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DIS
Earnings
- 5/7/24 - Beat
DIS
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 144
- DIS's page on the SEC website