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 Out 2 did well in theaters.
Revenue for the Burbank, California, company rose 4% to $23.16 billion, beating Wall Street's estimate of $22.91 billion. The combined streaming businesses, which includes Disney+, Hulu and ESPN+, achieved profitability for the first time thanks a strong three months for ESPN+ and a better-than-expected quarterly performance from the direct-to-consumer unit.to soften in the third quarter due to its platform in India, Disney+Hotstar. The company also said at the time that it anticipated its combined streaming businesses to be profitable in the fourth quarter, so the money-making quarter was a surprise.
MACAU, Aug. 07, 2024 -- Melco Resorts & Entertainment Limited , a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 13, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time .
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