News Formal

Disney's streaming business turns a profit in first financial report since challenge to Iger

  • 📰 abc13houston
  • ⏱ Reading Time:
  • 35 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Disney Earnings Call: Disney's Streaming Business Nieuws

14779510

Speaking during Disney's conference call, Iger said that the company plans to add an ESPN tab to Disney+ by the end of the year, a maneuver that was previously made with Hulu.

MICHELLE CHAPMANThe Walt Disney Co.'s adjusted profit in its second quarter topped expectations and its streaming business turned a profit.swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year.

"Looking at our company as a whole, it's clear that the turnaround and growth initiatives we set in motion last year have continued to yield positive results," CEO Bob Iger said in a prepared statement. It's the first financial report since shareholders rebuffed efforts by activist investor Nelson Peltz to claim seats on the company board last month, standing firmly behind Iger as he tries to energize the company after a rough stretch.

The company said that there was increased spending by guests at Walt Disney World due to higher ticket prices, while Disneyland guests boosted their spending due to an increase in ticket prices and hotel room rates.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 255. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Disney's streaming business turns profitable in first financial report since challenge to IgerThe Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable
Bron: sdut - 🏆 5. / 95 Lees verder »

Disney's streaming business turns profitable in first financial report since challenge to IgerThe Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable.
Bron: ksatnews - 🏆 442. / 53 Lees verder »

Disney's streaming business turns profitable in first financial report since challenge to IgerThe Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable.
Bron: wjxt4 - 🏆 246. / 63 Lees verder »

Disney's streaming business turns a profit in first financial report since challenge to IgerSpeaking during Disney's conference call, Iger said that the company plans to add an ESPN tab to Disney+ by the end of the year, a maneuver that was previously made with Hulu.
Bron: 6abc - 🏆 250. / 63 Lees verder »