Disney Reports Strong Q3 Earnings Amid Streaming Growth and Parks Success
Disney has announced strong earnings for the third quarter, surpassing expectations with notable growth in streaming and theme parks. Despite challenges in its linear TV business, the company is forecasting continued expansion in these areas, buoyed by increased consumer spending at domestic parks and new deals with major sports networks like the NFL and WWE. While overall profits climbed, concerns lingered among investors due to the underperformance of its traditional TV segments, which overshadowed the positive streaming results. CEO Bob Iger emphasized a bold future centered on streaming, signaling a commitment to ongoing experimentation in content and partnerships.
The Walt Disney Company, The Wall Street Journal, Bloomberg.com, CNBC, "Investors Business Daily", Variety, "Barrons", Reuters, Financial Times, MarketWatch