Reported 24 days ago
Disney's stock fell nearly 3% despite positive fiscal third-quarter earnings fueled by strong performance in parks and a profitable streaming segment. However, concerns arose from a sharp drop in the linear TV business and a lackluster outlook, prompting cautious reactions from analysts. Disney raised its profit forecast but underwhelmed investors, and while ESPN secured deals in NFL Media and WWE events to enhance its streaming service, challenges remain amid intense competition and shifting market dynamics.
Source: YAHOO