US EditionDisney returns to profit in third quarter as streaming business starts making money for first time
- Disney returned to a profitable third quarter as its combined streaming business made money for the first time, with the movie Inside Out 2 performing well in theaters.
- The combined streaming businesses, including Disney+, Hulu, and ESPN+, achieved profitability for the first time due to a strong performance from ESPN+ and the direct-to-consumer unit.
- Operating income for Disney's entertainment segment nearly tripled to $1 million this quarter.
32 Articles
32 Articles
Disney’s Streaming Business Is Profitable for First Time, but Slowing US Park Business Ups Anxiety
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie "Inside Out 2."
American entertainment company Walt Disney generated a net profit of $2.62 billion (60.6 billion CZK) in the third quarter of its financial year, while a year ago it was in a loss of $460 million (10.6 billion crowns). The results beat expectations and bundled streaming services are also in profit for the first time. The company stated this in its statement on Wednesday.
Associated Press News
Disney's streaming business is profitable, but U.S. park business slowing
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie
MY Northwest
Rocky Mountain OutlookDisney returns to profits in third quarter as streaming business starts making money for first time
The Walt Disney Co. returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters. For the period ended June 29, Disney earned $2.62 billion, or $1.43 per share. A year earlier it lost $460 million, or 25 cents per share. Stripping out one-time gains, earnings were $1.39 per share, easily topping the $1.20 analysts polled by Zacks Investment Res…
Coverage Details
Bias Distribution
- 52% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
