- Total News Sources
- 12
- Left
- 4
- Center
- 1
- Right
- 6
- Unrated
- 1
- Last Updated
- 41 days ago
- Bias Distribution
- 50% Right
Disney reported mixed results for its third quarter, with strong performances in its streaming and movie businesses but concerns over a slowdown in its theme parks. The company achieved profitability in its streaming segment, driven by Disney+, Hulu, and ESPN+, and saw significant box office success with 'Inside Out 2' and 'Deadpool & Wolverine'. However, Disney's theme parks experienced a moderation in consumer demand, attributed to inflation and economic pressures on lower-income consumers, which led to a slight decline in operating income. CEO Bob Iger noted that higher-income consumers are traveling internationally more, impacting domestic park attendance. Despite these challenges, Disney's overall revenue rose 4% to $23.16 billion, surpassing Wall Street expectations. The company plans to manage costs aggressively at its parks to mitigate the impact of reduced demand.
- Total News Sources
- 12
- Left
- 4
- Center
- 1
- Right
- 6
- Unrated
- 1
- Last Updated
- 41 days ago
- Bias Distribution
- 50% Right
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