posted better-than-expected fourth earnings Wednesday, while adding a solid number of new subscribers to its core streaming division as it forecast 'significant' free cash flow growth for the coming fiscal year.
"Our results this quarter reflect the significant progress we've made over the past year. While we still have work to do, these efforts have allowed us to move beyond this period of fixing and begin building our businesses again," said CEO Bob Iger. Disney's reporting was condensed into three new reporting segments in today's earnings report, with ESPN will sit largely in a stand-alone Sports division for the first time in the company's history.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Disney Theme Parks Strength Fuels Profit BeatWalt Disney exceeded Wall Street's earnings expectations Wednesday as higher attendance at its Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC.
Source: NEWSMAX - 🏆 16. / 71 Read more »