Disney on Wednesday warned of softness in its theme-park business in the third-quarter. Disney’s Experience segment, the business unit that houses its theme parks, cruises and consumer products, generated revenues of nearly $8.39 billion and operating income of $2.22 billion in the three-month period. Those results represented a 2% increase and 3% decrease year over year, respectively.CLICK HERE TO READ MORE ON FOX BUSINESS "Segment revenue growth was impacted by moderation of consumer demand towards the en ...

Disney stock is flat this year, but the company is becoming more profitable.In today's video, I will talk about Walt Disney's (DIS -1.51%) third-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 7, 2024. The video was published on Aug. 7, 2024. ...

Walt Disney Co (NYSE:DIS) stepped into the earnings confessional this morning, where it reported fiscal third-quarter results. The entertainment giant announced earnings of $1.39 per share on revenue of $23.16 billion, both of which beat Wall Street's expectations thanks to strength in its streaming units, though lackluster demand at Disney parks are weighing on the shares. At last glance, DIS is 2.6% lower at $87.57. The security has steadily worked lower since a roughly two-year high on March 28, with its ...

Disney and Pixar's "Inside Out 2" returns to the mind of newly minted teenager Riley just as new Emotions show up. Embarrassment (voice of Paul Walter Hauser), Anxiety (voice of Maya Hawke), Envy (voice of Ayo Edebiri) and Ennui (voice of Adèle Exarchopoulos) are ready to take a turn at the console. Directed by Kelsey Mann and produced by Mark Nielsen, "Inside Out 2" releases only in theaters June 14, 2024.Here's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney ...

After launching Hulu on Disney Plus in March for US subscribers, the ESPN hub addition is landing on the streaming service in December, the company shared in its third-quarter executive summary on Wednesday. CEO Bob Iger initially announced the news about adding ESPN content to Disney Plus during Walt Disney Co.'s second-quarter earnings call in May."By the end of this calendar year, we will be adding an ESPN tile to Disney Plus, giving all US subscribers access to select live games and studio programming w ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Disney said it turned a profit on its combined streaming business for the first time, and a quarter ahead of schedule. 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. The mixed picture drove its ...

The Walt Disney Company (DIS) reported third-quarter fiscal 2024 adjusted earnings of $1.39 per share, which beat the Zacks Consensus Estimate by 15.8% and increased 35% year over year.Revenues rose 3.7% year over year to $23.15 billion and beat the consensus mark by 1.3%.Segment DetailsMedia and Entertainment Distribution revenues (45.7% of revenues) increased 4.5% year over year to $10.58 billion.Revenues from Linear Networks declined 7.3% year over year to $2.66 billion. Direct-to-Consumer revenues incre ...

Walt Disney (DIS) reported $23.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.7%. EPS of $1.39 for the same period compares to $1.03 a year ago.The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $22.91 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +15.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Key TakeawaysDisney shares slipped Wednesday even as the entertainment giant reported better third-quarter results than analysts had expected.The combined streaming business of ESPN+, Disney+, and Hulu turned a profit in the quarter, earlier than Disney expected.However, the company warned that lower demand for its Experiences segment including theme parks could continue over the next several quarters. The Walt Disney Co. (DIS) posted better third-quarter results than analysts had expected thanks to the suc ...

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 ...