On Monday, The Walt Disney Company (NYSE:DIS) surpassed analyst estimates with its fiscal second quarter earnings and provided good news from its streaming arena. Although it is still behind Netflix Inc (NASDAQ:NFLX) on the streaming front, when excluding ESPN, Disney+ and Hulu reported a combined profit for the very first time. However, shares tanked 10% upon the report as overall revenue failed to impress for the fourth straight quarter and Disney guided for a softer third quarter for the experiences segment.
Second Fiscal Quarter Highlights
For the March quarter, Disney posted revenue grew 1% YoY to $22.08 billion, coming short of...
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