Reported about 12 hours ago
Disney is set to report its fiscal first quarter earnings, with expectations for challenges in its parks business due to estimated losses from Hurricanes Helene and Milton, totaling around $130 million, alongside $90 million from pre-launch issues in its cruise line. However, a positive outlook for park operations is anticipated beyond the first quarter. Investors are also keen on the performance of Disney's streaming services, with projected profits in its direct-to-consumer segment amounting to approximately $875 million for the year. The company continues to adapt in a changing industry, as it prepares for leadership succession and navigates a declining linear network revenue landscape.
Source: YAHOO