On Wednesday, third-quarter earnings beat analysts’ forecasts and revenue topped expectations.<\/p>\n\n\n\n
Walt Disney announced earnings per share of $1.09 on revenue of $21.5B. Walt Disney shares are down 27% from the beginning of the year, still down 40.02% from its 52 week high of $187.58 set on September 9, 2021. They are under-performing the Dow Jones which is down 8.33% from the start of the year.<\/p>\n\n\n\n
At the end of the fiscal third quarter, Hulu had 46.2 million subscribers and ESPN+ had 22.8 million. Combined, Hulu, ESPN+ and Disney+ have over 221 million streaming subscribers. Netflix, long the leader in the streaming space, had 220 million subscribers, according to the most recent tally.<\/p>\n\n\n\n
Disney shares rose more than 6% after the closing bell.<\/p>\n\n\n\n
The streaming space has been in a state of upheaval in recent weeks, as Netflix disclosed another drop in subscribers and Warner Bros. Discovery announced a shift in content strategy. While Netflix expects subscriber growth to rebound, uncertainty has left analysts and investors wondering what the future holds for the wider industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Wednesday, third-quarter earnings beat analysts’ forecasts and revenue topped expectations. Walt Disney announced earnings per share of $1.09 on revenue of $21.5B. Walt Disney shares are down 27% from the beginning of the year, still down 40.02% from its 52 week high of $187.58 set on September 9, 2021. They are under-performing the Dow …<\/p>\n","protected":false},"author":9,"featured_media":58123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1,36],"tags":[7999,7113,7799],"class_list":["post-70067","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-general","category-market-updates","tag-disney","tag-earnings","tag-netflix"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70067"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70067\/revisions"}],"predecessor-version":[{"id":70068,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70067\/revisions\/70068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58123"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}