Disney Earnings Disappoint Despite Hefty Studio Performance

Disney shares were falling more than 4 percent after the closing bell on Tuesday after the entertainment giant's quarterly earnings fell short of expectations.

The company's studio entertainment revenue showed impressive revenue gain, up 33 percent to $3.8 billion due toIger noted that Disney has already set an annual box-office record with five months remaining and releases such asstill to come this year. The film studio is "the envy of the industry," he said Tuesday.

Disney's direct-to-consumer segment showed a $553 million loss, up from $168 million in the same quarter last year, as it gets ready to launch Disney+ in November. That product, expected to heavily feature Marvel, Pixar and Star Wars content, will compete with Netflix, Amazon Prime Video, CBS All Access and other streamers.

Also on Tuesday, Disney said it will bundle Disney+, ESPN+ and Hulu's basic tier for $12.99 monthly, while it had previously disclosed that Disney+ alone will cost $.6.99 per month.

lol capitalism is so hilariously broken

That's what happens when you buy your own tickets...

This is the problem with wealth. It’s never enough.

When a record $8bn in revenue whilst obliterating every other movie studio in the industry is considered a disappointment, I think we have a problem.

lol

Investor driven profits is what's going to tank the entire entertainment industry. If its not growing at a certain rate than, to them it's not profitable and not worth it.

Disney: “We’re number 1!” Investors: “Sorry, but you’re not number 1 ENOUGH for us.” 🤦‍♂️

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney slumps as earnings and sales miss expectations despite box-office hitsDisney reported third quarter financial results after the closing bell on Tuesday that missed Wall Street's expectations. Lol and as pedophiles keep getting rehired as directors. Nobody expected Lion King to be so mediocre. It really killed the summer movie lineup. No good releases for weeks because everybody expected LK to carry multiple weeks. That's part of what tariff and inflation does..it sucks the extra money out of everybody's pocket..people who love to spend now have less to spend and those who have more are so few in numbers it doesnt help anybody stay afloat.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Disney set to report earnings after the bellDisney is expected to show strong growth in its studio business, bolstered by the company's continued dominance at the box office this year. How about reporting about what Disney does
Source: CNBC - 🏆 12. / 72 Read more »

Disney Earnings Miss The Mark, Stock SlidesThe Walt Disney Company posted weaker than expected earnings during its most recent financial quarter even as its sales increased substantially thanks to its recent purchase of much of the film and… Lol How? Haven’t they made like a jillion dollars from films alone this year? 🤨 ANGRY STOCKHOLDER: What type of Mickey Mouse operation is this?!
Source: Variety - 🏆 108. / 63 Read more »

Disney Misses Q3 Earnings Estimates, Sending Stock Lower After HoursDisney reported third-quarter results significantly short of Wall Street analysts’ estimates on Tuesday, sending shares in the media giant sharply lower in after-hours trading. Earnings per s… How? Lol
Source: DEADLINE - 🏆 109. / 63 Read more »