Disney's first-quarter earnings contain some notable elements

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Disney released results for revenue and earnings above estimates from analysts, with CEO Bob Iger providing insights and updates on the entertainment giant in an earnings call.

Disney’s direct-to-consumer business generated $5.3 billion in first-quarter revenue, marking a 13% increase year-over-year.

"We will focus even more on our core brands and franchises, which have consistently delivered higher returns," Iger also said on the call. "We will aggressively curate our. We will reassess all markets we have launched in and also determine the right balance between global and local content. We’ll adjust our pricing strategy, including a full examination of our promotional strategies.

 

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