The beat comes after the company reported a surge of subscribers in the third quarter (14.4 million) following new market launches and a robust slate of content. $7.59 billion expectedĭisney+ saw subscriber net additions rise to 12 million, beating expectations of just over 9 million. Parks, experience and consumer products revenue: $7.43 billion vs. $0.51 expectedĭisney+ subscriber net additions: 12.1 million vs. Here are Disney's fourth-quarter results compared to Wall Street's consensus estimates, as compiled by Bloomberg: Macroeconomic challenges, including the global advertising slowdown, weighed on earnings as the company also battled higher-than-expected streaming losses.ĭisney stock moved lower on the heels of the report, with losses accelerating as investors digested the results - down as much as 10% in after-hours trading. Disney ( DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |