Disney's surprise streaming entertainment profit offset by weaker TV business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 46 sec. here
  • 44 min. at publisher
  • 📊 Quality Score:
  • News: 169%
  • Publisher: 97%

RSBI:SHAREHOLDER-ACTIVISM Noticias

RULES:RESULTS,MTPIX,BACT

Walt Disney's surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 6% before the bell on Tuesday.

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photosurprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 6% before the bell on Tuesday.

The direct-to-consumer entertainment division, which includes the Disney+ and Hulu streaming services, reported operating income of $47 million for the January-March period, compared with a loss of $587 million a year earlier. "Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company," Chief Executive Bob Iger, who defeated

He also unveiled a 10-year, $60 billion investment in theme parks and announced plans for a standalone ESPN streaming app, among other efforts. Because of costs to stream cricket, streaming entertainment will likely report a loss for the current quarter but swing back to a profit the following period, Johnston said.

The company's experiences division, which includes the Disney theme parks around the world, reported operating income of $2.3 billion, a 12% increase from a year ago.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 2. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest moves premarket: Walt Disney, Hims & Hers, Palantir and moreThese are the stocks posting the largest moves in early trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »