Disney Quarterly Earnings Miss Estimates
Disney reported its first-quarter earnings after the bell on Wednesday, narrowly missing consensus estimates on its earnings per share. The company realized adjusted earnings per share of $0.93; just short of an expected $0.94.
Revenue for the three months ending March 31 was $21.82 billion;...
Comcast And Disney Confident Despite Peak Losses Ahead
Comcast and Disney are confident that their financial performances will improve after spending on their streaming businesses hit new heights in 2022 with peak spending expected to be reached this year. The streaming giants expect that once this peak is hit, costs will decline...
Disney Considers Selling Hulu Stake and Expanding Marvel Rights
Citi analyst Jason Bazinet expressed the claim that Disney could consider selling its 67% stake in online streaming company Hulu.
Bazinet offered the following observation in a note to clients: "We believe Disney may sell its 67% stake in Hulu. In parallel, we suspect...
Disney Looks to Freeze Hiring, Cut Jobs Amid Financial Uncertainty
Walt Disney Co is considering plans to freeze all hiring and cut jobs as the company faces economic uncertainty due to the losses incurred by its streaming service business. The news was shared on Friday in a memo from Chief Executive Bob Chapek to...
Disney’s Shares Up Almost 7% After Q2 Report Beats Wall Street Estimates
Walt Disney Co. shares saw a significant hike on Wednesday after the company's second-quarter report comfortably beat Wall Street analysts' estimates. Disney's stock (DIS) went up 6.87% in after-hours trading, reaching $120.11 per share. This represents the highest mark for DIS since April.
Disney's business...
Why Disney Has an Advantage Over Streaming Competition
Remember the days when Netflix was pretty much the only streaming service that people had? It was a glorious revelation, being able to just turn on the service and select any TV show or movie that was available. Roughly a decade later, there are...