Disney shares rise on huge increase in streaming users, improved earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Walt Disney Co.’s stock edged up 2% in extended trading Wednesday after the media giant announced earnings that beat estimates, a huge jump in streaming users and vowed to increase its annual efficiency cost reductions to $7.5 billion from $5.5 billion.

Disney DIS, -0.11% reported fiscal fourth-quarter net income of $264 million, or 14 cents a share. After adjusting for restructuring costs and other effects, Disney reported earnings of 82 cents a share. Revenue rose to $21.24 billion, from $20.15 billion a year ago. Disney+ added 7 million subscribers globally, leading to a lower quarterly loss of $387 million, from $1.5 billion a year ago. Iger credited the popularity of movies like “Elemental,” “Little Mermaid,” and “Guardians of the Galaxy Vol. 3,” as well as original series “Ahsoka” and the Korean original series “Moving.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Disney: Potential Subscriber Loss Takes Center Stage Ahead of Key EarningsStocks Analysis by Investing.com (Günay Caymaz) covering: Walt Disney Company, Walt Disney, Walt Disney Company DRC, Walt Disney Co BDR. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Former Facebook employee testifies company failed to act on teen harassmentJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

China’s President Xi to meet business executives in Silicon Valley: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »