Disney's entertainment streaming business posts first-time profit

  • 📰 axios
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Disney News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Streaming profits will be critical in offsetting steady declines in Disney's legacy entertainment business.

Share on email Revenues and operating income from Disney's entertainment linear networks declined by 8% and 22%, respectively, last quarter, due to advertising losses stemming from viewership declines.

Disney said that despite "softer" entertainment streaming revenues anticipated next quarter, it still expects its combined streaming business to be profitable in the fourth fiscal quarter and to be a "meaningful future future growth driver for the company.": Disney attributes its streaming revenue gains to subscriber additions and price hikes which helped drive higher average revenue per user for Disney+.

 

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

 /  🏆 302. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines