U.S. stock futures are trying to hold on to yesterday's rebound after three straight sessions of bloodbath. Currently, the S&P 500 is up +56 points, the Nasdaq is +233 points, and the Dow is +313 points.
Disney's Experience segment showed some softness in the third-quarter, the entertainment giant announced on Wednesday as it released its latest earnings report.
Disney stock is flat this year, but the company is becoming more profitable.
Walt Disney Co (NYSE:DIS) stepped into the earnings confessional this morning, where it reported fiscal third-quarter results.
Disney's combined streaming businesses turned a quarterly profit for the first time ever. Disney's "Inside Out 2" and "Deadpool & Wolverine" have led the company to become the first studio to top $3 billion in 2024.
The launch will come after the price increases on Disney-owned streaming services.
Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, but its theme parks are coming under pressure.
Disney's (DIS) third-quarter fiscal 2024 results reflect growth in Disney+ subscribers and theme park and resort businesses.
The headline numbers for Disney (DIS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The Walt Disney Co. (DIS) posted better third-quarter results than analysts had expected thanks to the success of movies like "Inside Out 2" and an earlier-than-expected profit for its overall streaming business.
The Walt Disney Company (NYSE:DIS ) Q3 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Alexia Quadrani - Investor Relations Robert Iger - Chief Executive Officer Hugh Johnston - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - Bank of America Benjamin Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson Steven Cahall - Wells Fargo David Karnovsky - JPMorgan John Hodulik - UBS Michael Morris - Guggenheim Bryan Kraft - Deutsche Bank Kannan Venkateshwar - Barclays Operator Good day and welcome to The Walt Disney Company Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
Disney just made money in streaming for the first time. When Disney started streaming in 2019, Wall Street didn't care about profits — it wanted streamers to grow.