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Stockreport

Disney's streaming business turns a profit in first financial report since challenge to Iger [Financial Post (Toronto, Ontario, Canada)]

Netflix, Inc. (NFLX)  More Company Research Source: Financial Post
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. While Disney said Tuesday that it foresees its overall streaming business softening in the current quarter due to its platform in India, Disney+Hotstar, it expects its combined streaming businesses to be profitable in the fourth quarter and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025. Article content Article content The direct-to-consumer business, which includes Disney+ and Hulu, posted quarterly operating income of $47 million compared with a loss of $587 million a year earlier. Revenue rose 13% to $5.64 billion. For the combined streaming businesses, which includes Disney+, Hulu and ESPN+, second-quarter operating loss shru [Read more]
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Stockreport

Disney's streaming business turns a profit in first financial report since challenge to Iger [Financial Post (Toronto, Ontario, Canada)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Financial Post
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. While Disney said Tuesday that it foresees its overall streaming business softening in the current quarter due to its platform in India, Disney+Hotstar, it expects its combined streaming businesses to be profitable in the fourth quarter and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025. Article content Article content The direct-to-consumer business, which includes Disney+ and Hulu, posted quarterly operating income of $47 million compared with a loss of $587 million a year earlier. Revenue rose 13% to $5.64 billion. For the combined streaming businesses, which includes Disney+, Hulu and ESPN+, second-quarter operating loss shru [Read more]
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EVENT TIME:
NFLX
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
LAST PRICE
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PERFORMANCE SINCE EVENT
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