Disney+ Streaming Services Achieve First-Ever Profit Ahead of Schedule as House of the Mouse Surpasses Q3 Expectations

Disney+ Streaming Services Achieve First-Ever Profit Ahead of Schedule as House of the Mouse Surpasses Q3 Expectations

Disney reported third-quarter earnings that beat analyst estimates for revenue and earnings per share. Disney's combined streaming services of Disney+, Hulu, and ESPN+ turned a profit for the first time, beating earlier guidance of achieving profitability in the fourth quarter. Revenue for Disney's entertainment segment grew 4 due to subscription revenue growth from price increases and customer growth. Traditional TV network's revenue fell by 7. Revenue for Disney's domestic parks fell 6 due to higher costs from inflation and increased spending. International parks revenue rose 2.


User: Benzinga

Views: 2.7K

Uploaded: 2024-08-07

Duration: 00:38

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