Disney Exceeds Revenue Expectations, Reports 5% Growth for the Quarter
- 6 months ago
Disney beat revenue expectations in its latest earnings report, with revenues for the quarter and the year growing 5% and 7%, respectively. Disney+ is losing less money but is still not profitable, losing $387 million last quarter compared to $1.5 billion in the same period last year, adding 7 million new subscribers. Theme parks and resorts saw a 13% revenue increase to $8.16 billion, with growth across most sites except Walt Disney World. ESPN revenues grew, and Disney plans to make it a leading digital sports platform.
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