Disney's Q3 2024 Earnings: A Mixed Picture
Disney's streaming success continues
- Disney+ added 14.4 million subscribers, reaching a total of 146.1 million.
- Hulu added 1.1 million subscribers, reaching a total of 31.8 million.
- ESPN+ added 700,000 subscribers, reaching a total of 8.5 million.
Disney's theme parks face challenges
- Attendance at Disney's domestic parks was down 3% compared to the same period last year.
- Revenue from Disney's international parks was down 12% compared to the same period last year.
Disney's overall financial results
- Revenue was up 8% to $23.5 billion.
- Net income was down 16% to $3.0 billion.
- Earnings per share were down 19% to $0.70.
What does this mean for Disney?
Disney's Q3 2024 earnings reveal a mixed picture. The company's streaming services continue to grow, but its theme parks are facing challenges. It remains to be seen how Disney will address these challenges and whether the company can continue to grow its overall financial performance.
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