Reported about 8 hours ago
Disney reported better-than-expected earnings in the first quarter, generating $24.70 billion in revenue and an adjusted EPS of $1.76, despite a loss of 700,000 subscribers for Disney+. Expert analyst Laura Martin noted that while streaming subscriber losses continue to pressure Disney's stock, the linear TV business is no longer a detractor from revenue. However, this situation may shift as the streaming landscape evolves.
Source: YAHOO