Disney returns to profits in third quarter as streaming business starts making money for first time

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 41 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 53%

Mynorthwest.Com - Seattle News Notícia

Sports,Weather,Traffic

The Walt Disney Co. returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside

FILE - The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. Out 2 did well in theaters.

Stripping out one-time gains, earnings were $1.39 per share, easily topping the $1.20 analysts polled by Zacks Investment Research expected. Operating income for the entertainment segment nearly tripled to $1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments.

Content sales/licensing and Other reported $254 million in operating income, helped by the strong performance of Inside Out 2 at movie theaters.LOS ANGELES — An earthquake northwest of Los Angeles shook a large swath of Southern California on Tuesday night, but there were no immediate reports of damage. The U.S. Geological Survey said the 5.2 magnitude temblor stuck at 9:09 p.m. and was centered near Mettler, an unincorporated area in Kern County about 85 miles BOONE, N.C.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 438. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves midday: Walt Disney, DexCom, McDonald's, On Semiconductor and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »