Walt Disney Co. (NYSE:DIS) stock is trading at $113.79 at last check, after the company's fiscal first-quarter earnings and revenue beat expectations, but was overshadowed by concerns over its streaming business.
Venu, the planned streaming sports joint venture that's fading into history, became irrelevant as similar opportunities began to arise for ESPN to join other targeted, or so-called “skinny,” bundles.
Walt Disney Co.'s fiscal first-quarter results topped analysts' estimates on higher income from its streaming services, while revenue in the period increased 5% to $24.7 billion. Disney CFO Hugh Johnston discusses the results on “Bloomberg Surveillance.
Walt Disney Co (NYSE:DIS, ETR:WDP) beat expectations for revenue and earnings for the past quarter, but said a decline in subscribers for its Disney+ service is expected to continue in the current quarter. The film and streaming giant had 124.6 Disney+ subscribers at the end of December, down 0.7 million over the preceding three months.
Walt Disney (DIS) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.22 per share a year ago.
Walt Disney (DIS) rode higher box office performance and streaming profits to post a beat in its 1Q earnings report. The media giant says it has 124.6M Disney+ subscribers, which is down slightly from 2Q.
Entertainment conglomerate Walt Disney (DIS -0.61%) delivered fiscal 2025 first-quarter financial results on Wednesday. Feb. 5, that beat Wall Street's consensus estimates.
Disney's stock is on track for a two-month high after profit beat views by a wide margin amid strength in the sports and experiences businesses.
Disney CFO Hugh Johnston joins 'Squawk Box' to discuss the company's quarterly earnings results, growth of the company's experience business, strength of the consumer, streaming growth outlook, future of Disney's linear TV business, and more.
Shares of The Walt Disney Co. (DIS) rose in premarket trading Wednesday after the entertainment giant reported fiscal 2025 first-quarter results above analysts' expectations.
CNBC's Becky Quick reports on the company's quarterly earnings results.
Walt Disney sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel "Moana 2" and higher profits at the company's streaming business.