Disney Sees Solid Quarter With Upbeat Streaming Outlook; “We Have Turned The Corner And Entered A New Era For Our Company,” Says CEO Bob Iger

Disney’s profit blew away forecasts although revenue fell a bit short in a key, and solid, earnings report that the company hopes will set the stage for more robust growth. Revenue was flat at $23.5 billion for Disney’s fiscal first quarter ended in December. Diluted EPS (excluding some items) was $1.22, up 23% from the year before. Entertainment DTC operating losses improved by nearly $300 million versus the prior quarter as it heads toward profitability by the end of fiscal 2024. “Just one year ago, we o ...