Reported 2 months ago
Disney has announced its streaming division achieved profitability for the first time, with a reported operating income of $47 million in Q3, surpassing the previous year's loss of $512 million. However, the parks business faced a 6% decline in operating income, raising concerns about consumer demand. Overall, Disney reported an adjusted earnings per share of $1.39 and revenue of $23.2 billion, exceeding analyst expectations. The company remains optimistic about improving streaming profitability, despite a potential decline in park attendance.
Source: YAHOO