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Stockreport

Disney's surprise streaming entertainment profit offset by weaker TV business [Globe and Mail, The (Toronto, Canada)]

Netflix, Inc. (NFLX)  More Company Research Source: Globe and Mail, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The division has been losing money since Disney+ debuted in 2019 in a major push by the company to compete with Netflix. The direct-to-consumer entertainment division, which includes the Disney+ and Hulu streaming services, reported operating income of $47-million for the January-March period, compared with a loss of $587-million a year earlier. But the combined streaming business with ESPN+ lost $18-million. The division had lost $659-million in the prior year. Revenue from traditional television business declined 8 per cent to $2.77-billion and operating profit fell 22 per cent from a year ago. “Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company,” Chief Executive Bob Iger, who defeated board challenges from activist investors last month, said. “The steps we are taking today lend themselves to solidifying Disney's place as the pre-eminent creator of global content,” Iger said. Iger, who came out of retire [Read more]
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Stockreport

Disney's surprise streaming entertainment profit offset by weaker TV business [Globe and Mail, The (Toronto, Canada)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Globe and Mail, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The division has been losing money since Disney+ debuted in 2019 in a major push by the company to compete with Netflix. The direct-to-consumer entertainment division, which includes the Disney+ and Hulu streaming services, reported operating income of $47-million for the January-March period, compared with a loss of $587-million a year earlier. But the combined streaming business with ESPN+ lost $18-million. The division had lost $659-million in the prior year. Revenue from traditional television business declined 8 per cent to $2.77-billion and operating profit fell 22 per cent from a year ago. “Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company,” Chief Executive Bob Iger, who defeated board challenges from activist investors last month, said. “The steps we are taking today lend themselves to solidifying Disney's place as the pre-eminent creator of global content,” Iger said. Iger, who came out of retire [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NFLX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS