Disney Profit Tops Views; Streaming Subscribers Fall Short

📆 8/9/2023 9:25 PM
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Disney reported third-quarter earnings that exceeded analysts’ expectations, benefiting from cost cutting and a narrower loss in its streaming TV business

rose more than 6% in extended trading after management of the world’s largest entertainment said capital spending and outlays for movies and TV shows are coming in lower

than projected., acting chief financial officer, said Wednesday on a call with investors after the company posted third-quarter results. Disney typically spends about $30 billion.

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