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Stock impact report

Disney says key part of streaming business was profitable for the first time [Yahoo! Finance Canada]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
The company's direct-to-consumer (DTC) portion of its entertainment segment, which includes Disney+ and Hulu, posted operating income of $47 million, compared to a loss of $587 million in the prior year period. That doesn't mean all of Disney's streaming services were profitable. Including ESPN+, total direct-to-consumer losses amounted to $18 million versus the $659 million loss reported in the year-earlier period. Disney expects full streaming profitability by the fourth quarter of this year. Over the past year, Disney has been grappling with challenges that include a declining linear TV business, slower growth in its parks business, and profitability hurdles in streaming. But a recent turnaround plan from CEO Bob Iger has investors more bullish in recent months. The company is fresh off a win in a high-profile proxy fight against activist investor Nelson Peltz. ADVERTISEMENT The company reported Q2 adjusted earnings of $1.21 a share — a beat compared with the $1.10 analyst Show less Read more
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