Why Disney is sliding despite positive Q3 earnings

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Disney,Streaming Service,Hulu

Shares of Disney (DIS) are sliding despite reporting positive earnings for its fiscal third quarter, revealing its streaming segment is profitable for the...

, revealing its streaming segment is profitable for the first time. The company is, however, facing an issue with its purchase of Hulu from Comcast — Brightcove Inc. on Wednesday reported a loss of $5.2 million in its second quarter. The Boston-based company said it had a loss of 12 cents per share. The internet video streaming service company posted revenue of $49.2 million in the period.PLANO, Texas, August 07, 2024--BGSF, Inc.

Family and friends of Quincy Hall looked on as he came from behind to win Wednesday's men's 400 meter race in Paris.The Briton was forced to settle for silver, as American Quincy Hall produced the fourth-fastest time in history to steal goldDow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. Robinhood Markets and HubSpot were key earnings late. The stock market opened solidly higher Wednesday, but gains faded and turned into losses.

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Disney earnings: Streaming unit turns first profit while parks business lagsDisney reported its first streaming profit and raised its earnings forecast, sending shares higher early Wednesday.
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