KQED Nightly Business Report June 22, 2024
Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn, an increase in subscribers and rate increases helped offset lower advertising revenue. Espn, along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that di...