Stock Indexes Drop Sharply: Dow Falls 800 Points

Disney’s Recent​ Financial Report – Key Takeaways

Here’s a summary of the key points from‍ the⁢ provided text ‍regarding⁣ Disney’s recent financial report:

* Profit Beat, Revenue Miss: Disney (DIS) reported a profit for the final quarter of its fiscal year that exceeded⁣ analyst expectations, but revenue fell short.
* ​ Revenue: Fourth-quarter revenue was $22.46 billion,slightly down year-over-year and⁤ below the expected⁣ $22.75 billion.
* Earnings: Adjusted earnings were $1.11 per share, a 3% decrease,⁣ but still above estimates.
*‍ Streaming ​Growth: ⁢ Direct-to-consumer revenue (Disney+, Hulu, ESPN+) grew 8% to $6.25 billion, though it was ‍below ‍expectations. ‌Subscriber numbers were strong: 132 million Disney+ subscribers and 196 million combined Disney+ and​ Hulu subscribers.
* Linear‌ TV Decline: Disney’s customary TV business continues to struggle, with domestic ⁢networks revenue and ‍operating income dropping 16% and 21% respectively, due to declining viewership and reduced⁤ advertising (including political‌ advertising).
* Stock Reaction: Shares slipped in⁤ premarket trading following​ the report.

You can read the full⁣ article⁢ here.

The report was⁣ written by Aaron ‍McDade.