Disney tops earnings forecasts with streaming gains, raises guidance

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Walt Disney posted better-than-expected quarterly results and raised its annual profit forecast on Wednesday, led by gains in streaming business, which is expected to be the centrepiece of its growth strategy in the coming years.

In the last 24 hours, the media and entertainment company entered two major deals with the National Football League and WWE as it readies its $29.99-per-month ESPN streaming service that will give viewers access to sporting events, including the NFL and National Basketball Association.

Adjusted earnings per share rose 16% from…



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Disney tops earnings forecasts with streaming gains, raises guidance



Walt Disney posted better-than-expected quarterly results and raised its annual profit forecast on Wednesday, led by gains in streaming business, which is expected to be the centrepiece of its growth strategy in the coming years.

In the last 24 hours, the media and entertainment company entered two major deals with the National Football League and WWE as it readies its $29.99-per-month ESPN streaming service that will give viewers access to sporting events, including the NFL and National Basketball Association.

Adjusted earnings per share rose 16% from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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