Disney stock falls as company attempts to make streaming business profitable [Yahoo! Finance Canada]
Walt Disney Company (The) (DIS)
Last walt disney company (the) earnings: 2/4 04:05 pm
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Source: Yahoo! Finance Canada
it expects weaker results in that segment for the current quarter, sending its stock down as much as 8% pre-market. The forecast highlights Disney's challenges in achieving sustained profitability in streaming, a key priority as its linear TV business declines. Overall, a recent turnaround plan from CEO Bob Iger has investors more bullish on the stock in recent months. The company is also fresh off a win in a high-profile proxy fight against activist investor Nelson Peltz. In Disney's fiscal second quarter, the 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. The company said it expects DTC results in the entertainment segment to be in the red in the third quarter, driven by losses from its Indian brand Disney+ Hotstar ADVERTISEMENT Additionally, not all of Disney's streaming services were profitable in Q2. Including ESPN+, total
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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