Disney beats expectations as streaming subscriber losses aren't as bad as feared
Publishing timestamp: 2023-02-08 17:18:16
Summary
Disney reported fiscal first-quarter earnings that beat on top and bottom line. CEO Bob Iger returned to the company in November and announced that the company would reorganize, cut thousands of jobs and slash $5.5 billion in costs. Disney+ total subscriptions were higher than expected and the Parks, Experiences and Products unit saw significant growth year-over-year. Disney will ask its board to approve reinstatement of its dividend by the end of the calendar year.
Sentiment: POSITIVE
Tickers: DIS,
Keywords: movies, life, entertainment, walt disney co, business, business news, media, breaking news: business, earnings, breaking news: earnings,
Source: https://www.cnbc.com/2023/02/08/disney-dis-earnings-q1-2023.html