Direct to consumer and international, where results from DisneyPlus will show up, saw a surge in revenue but the segment lost $740 million in the quarter
Disney earned an adjusted $1.07 per share in its fiscal fourth quarter on $19.1 billion revenue, with its giant media networks segment showing well despite challenges faced by the traditional TV industry.
Disney's streaming service is set for its debut on Tuesday while Apple TV recently launched one of its own and WarnerMedia is set to debut its HBO Max in May next year. The repercussions of the streaming wars will not only impact Netflix but also the legacy TV industry as consumers cut their cable and satellite cords.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors Await Last Disney+ Details During Quarterly Earnings CallThe Walt Disney Co. reports its fall quarter results after the market closes Thursday, and investors will be listening for any final announcements ahead of the anticipated launch of the Disney+ streaming service on November 12.
Read more »
Disney+ must succeed for the sake of the stock, investor says ahead of earningsDisney earnings are on deck for after Thursday's closing bell, but one expert is looking further out than the entertainment giant's fourth-quarter results.
Read more »
Consumer sentiment, Disney earnings reaction, market rally: Three things to watch on FridayWe'll get Disney earnings after the bell on Thursday, consumer sentiment data and markets update on Friday.
Read more »
Disney set to report earnings after the bellDisney's fiscal fourth-quarter earnings come just days before Disney+ is set to launch.
Read more »
Disney earnings, jobless claims, Bank of England rate decision: Three things to watch on ThursdayWe'll get earnings from Disney, jobless claims and an interest rate decision from the Bank of England on Thursday.
Read more »
A Man Was Arrested For Allegedly Groping A Disney Princess In Disney WorldThe man allegedly said she was his favorite Disney Princess before groping her breast.
Read more »