Earnings in Detail The company's earnings per share of $1.61 topped the Zacks Consensus Estimate of $1.46 and increased 15.8% from the year-ago earnings. Revenues rose 2.1% year over year to $23.6 billion but marginally fell short of the Zacks Consensus Estimate of $23.67 billion (read: all the Communication Services ETFs here). The company reported continued growth in its streaming business despite headwinds in the traditional TV bundle, which suffered from declining customers. Disney added 183 million Dis ...

Total revenue rose 2% for Disney's fiscal third quarter to $23.7 billion, in line to a hair lower than forecasts. Adjusted earnings per share was a big beat at $1.61, up from $1.39. Operating income across the media giant's three reporting segments – Entertainment, Experiences and Sports — grew 8% to $4.6 billion. The latter division led by ESPN is taking center court with two major announcements over the past 12 hours: the timing and price of ESPN's new streaming service; and ESPN acquiring the NFL Network ...

Marquee at the main entrance to the FOX News Headquarters at NewsCorp Building in Manhattan. Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on August 21, ahead of the NFL season, the company said Tuesday. The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company's earnings call. Fox One will host the entirety of the Fox TV portfolio — namely live sports such as NFL and MLB that appear on it ...