Tuesday, the stock closed nearly 9% higher Wednesday, after CEO Bob Chapek announced Disney+ subscriber growth and the shift of highly anticipated “Mulan” from theaters to the streaming service. But Disney’s overall revenue in Q3 plunged 42% from last year, while Disney’s parks, experiences and products segment revenue nosedived 85% and the studio entertainment division revenue sank 55%. Meanwhile, the closures of parks, cruises and resorts resulted in a $3.
Wednesday was the increase in free cash flow to $879 million from $596 million, which far exceeded consensus expectations for $552 million. The company has generated $1.1 billion in free cash flow this year, and analysts predict the media outlet will generate $1 billion in free cash flow over the next two quarters.
Just a taste of this week's 'heat.' Subscribe for more on this week's highlights on TikTok, WarnerMedia, Facebook, Sony, Discovery and more...
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »