👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Disney reports profit in streaming, boosts stock by 6%
Disney’s stock rose over 6% on Thursday after reporting higher-than-expected earnings for the fiscal fourth quarter, according to Bloomberg.
The company’s earnings per share reached US$1.14, surpassing the projection of US$1.10.
The direct-to-consumer segment, including Disney+, Hulu, and ESPN+, reported an operating income of US$321 million.
This marks a significant improvement from a US$387 million loss in the prior year.
Recent Disney developments
| Timeline |
|---|
04-Nov-2024 🛠️ Disney forms business unit for AI, mixed reality
|
20-Sep-2024 🚨 Disney ends Slack use over 1 TB data breach
|
09-Feb-2023 📉 Disney to slash 7,000 jobs amid reorganization
|
22-Jan-2021 📺 Disney+ Hotstar pulls in 2.5m subscribers in Indonesia, surpassing Netflix
|
11-Dec-2020 🎥 Disney+ to launch in Singapore in February 2021
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.