Reported 2 months ago
Disney's fiscal third-quarter earnings report revealed a revenue of $23.2 billion, surpassing expectations, but the stock dropped on mixed signals. While advertising and streaming saw double-digit growth, the parks division faced slowdowns due to reduced consumer spending in the U.S. and China. Analyst Jessica Reif Ehrlich discussed these variances, highlighting ongoing strengths in other segments despite declines in park attendance.
Source: YAHOO