Disney's Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost

Category: Business

Walt Disney Co reported a 4% year-on-year revenue growth in Q3 2024, reaching $23.16 billion, surpassing analyst expectations. Adjusted EPS of $1.39 also exceeded estimates. Key segments showed varied performance, with entertainment and sports revenues increasing, while traditional TV networks faced declines. Notably, Disney's streaming business turned profitable for the first time, contributing to overall positive results. The company anticipates continued growth in adjusted EPS and subscriber numbers for Disney+ Core.

Keywords: Walt Disney Co, Q3 2024 earnings, streaming profitability

Source: Yahoo Finance

Update At: 8/7/2024

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