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 News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 438. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »