Disney’s fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength…
Disney’s fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks.
Disney is still trying to work out a new licensing deal with YouTube after its content went dark on YouTube TV late last month, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC.
The Walt Disney Co. earned $1.31 billion, or 73 cents per share, for the three months ended Sept. 25. It earned $460 million, or 25 cents per share, in the prior-year period.
Stripping out one time charges and costs, earnings were $1.11 per share. That’s better than the $1.03 per share that analysts polled by Zacks Investment Research predicted.
Revenue for the Burbank, California, company totaled $22.46 billion, short of Wall Street’s estimate of $22.86 billion.
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