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Disney Sees Solid Quarter With Upbeat Streaming Outlook; “We Have Turned The Corner And Entered A New Era For Our Company,” Says CEO Bob Iger
Disney’s profit topped forecasts but revenue fell a bit short in a key report that the company hopes will set the stage for more robust growth.
Disney ’s profit blew away forecasts although revenue fell a bit short in a key, and solid, earnings report that the company hopes will set the stage for more robust growth. Looking at the renewed strength of all of our businesses this quarter – from Sports, to Entertainment, to Experiences – we believe the stage is now set for significant growth and success, including ample opportunity to increase shareholder returns as our earnings and free cash flow continue to grow,” said the chief executive. It blamed the lower network impressions to the impact of the guild strikes on the programming schedule primarily due to a shift of units to the sports segment reflecting the simulcast of certain NFL games.
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