News Formal

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 Notizia

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.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 438. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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 Leggi di più »