Reported 2 months ago
In a recent interview, Disney CFO Hugh Johnston discussed the company's mixed third quarter results, highlighting that while the streaming service turned profitable for the first time, the theme park division fell short of expectations. Johnston indicated that the parks may face challenges in the short term but expressed confidence in a recovery, emphasizing strict cost management and strategic value offerings to cater to budget-conscious consumers. He also noted a resurgence in Disney's box office success as a positive factor moving forward.
Source: YAHOO