ESPN shows strength as Disney's other networks report lower revenue
Publishing timestamp: 2023-11-08 17:36:14
Summary
Disney's ESPN division reported positive results in its quarterly earnings, with an increase in revenue and operating income. ESPN+ was profitable, while Disney's other streaming services, Disney+ and Hulu, incurred losses. Despite the challenges of the streaming-first world, ESPN's performance suggests it may not be in as dire shape as some investors feared. Disney plans to make ESPN available as a direct-to-consumer service by 2025 and is exploring partnerships with sports leagues and technology companies.
Sentiment: MIXED
Tickers: DIS,
Keywords: sports, breaking news: business, business, walt disney co, media, business news, technology, entertainment,
Source: https://www.cnbc.com/2023/11/08/espn-shows-strength-in-disney-earnings.html