Disney posts surprise profit in streaming, raises earnings’ forecast   

  • 4 months ago
Disney posts surprise profit in streaming, raises earnings’ forecast 
 

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Transcript
00:00 Walt Disney's streaming entertainment division comprising Disney+ and Hulu reported its first
00:06 profit surpassing expectations by two quarters. The media conglomerate raised its annual earnings
00:13 per share forecast crediting turnaround efforts and strong results. The direct-to-consumer
00:19 entertainment division posted an operating income of $47 million from January through March,
00:26 marking a significant improvement from the previous year's loss. Despite projected losses
00:31 in the current quarter, Disney reported strong second-quarter earnings,
00:35 highlighting resilience amid changing consumer preferences.

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