Arturo Holmes/Getty Images for Disney DreamersCinderella's Castle at Walt Disney World Resort on March 03, 2022 in Lake Buena Vista, Florida.Disney owns so many global brands, in-person experiences, characters and storylines that when one asset falters, another offsets the loss. The company beat analysts' expectations, with revenues for the quarter and the year growing 5% and 7%, respectively.Disney+ is still not profitable but losing a lot less.
Disney+ added 7 million subscribers this quarter. Iger said he believes the company's streaming business will be profitable in the latter part of 2024.Disney's Experiences is a major profit driver. The division saw a 13% increase in revenue to $8.16 billion, with growth at almost all of its international and domestic sites. Disney recentlyit would invest $60 billion to, as Iger put it,"turbocharge" its parks, resorts, cruises and the like.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »