ESPN's launch last August of a beefed-up direct-to-consumer streaming service has been “a real success for a number of reasons,” Disney CEO Bob Iger told Wall Street analysts Thursday.
Disney+ subcribers could be getting to grips with “game-like features” in the not too distant future, and it has artificial intelligence (AI) to thank, according to Bob Iger.
The shares of Walt Disney Co (NYSE:DIS) are down 5.7% before the open.
Disney (NYSE: DIS) beat earnings expectations this morning but missed on revenue, a split result that underscores the tension between the company's recovery momentum and its struggle to grow the top line.
The Walt Disney Co. (DIS) on Thursday reported better profit for the final quarter of its fiscal year than analysts had forecast, but revenue fell short and shares slipped in premarket trading.
YouTube TV subscribers hoping for an update on the Disney-Google dispute may be out of luck. Disney just told investors that it "cannot predict how long this service blackout will last.
The longest-ever government shutdown ended Wednesday night. Disney reported mixed earnings, sending shares lower before the bell.
“We're in the middle of negotiations right now. Things are live. They're happening.
The Walt Disney Co. had a difficult quarter with the fallout from pulling Jimmy Kimmel off the air, its fight with YouTube and switching gears with its betting partner at ESPN.
Disney's strong results in streaming, including a better-than-expected subscriber jump, helped offset a struggling film studio and sluggish ad sales in the company's fiscal fourth quarter. In the company's last quarter of reporting streaming subscribers, the company said the overall tally for Disney+ and Hulu hit 196 million. The gain of 12.
Disney's streaming business — which consists of Disney+ and the ESPN direct-to-consumer app — will be in focus for investors when the company reports earnings on Thursday. This will mark the final quarter that Disney reports the number of paid streaming subscribers.
Walt Disney Co. is set to report its fiscal fourth-quarter earnings before the opening bell Thursday, with Wall Street analysts looking for growth from its streaming business and theme parks, as well as sports.