Disney’s CEO also announced that the company will be reorganized into three divisions: an entertainment unit that includes its main TV and film businesses, the ESPN sports networks, and the theme-p…
Profit came to 99 cents a share in the period ended Dec. 31, Disney said, above the 74-cent average of analysts’ estimates. Revenue grew 7.8% to $23.5 billion, slightly above projections.
Losses in the streaming business more than doubled to $1.05 billion from a year earlier, but that was better than management had forecast three months ago.
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