Disney Posts Mixed Results for Quarter Plagued by Streaming Woes, Restructuring Costs
August 11, 2023
Despite ongoing streaming challenges and restructuring costs, Disney reported mixed results for its fiscal third quarter. The company experienced a 7.4% decline in Disney+ subscribers, with most losses coming from Disney+ Hotstar due to the loss of Indian Premier League cricket rights. Disney also recorded $2.65 billion in one-time charges and impairments, leading to a rare quarterly net loss, while its parks, experiences, and products division saw a 13% increase in revenue.
Recent News
Walgreens Is Cutting Prices on 1,300 Products for Its Summer of Savings
The drug store chain is joining other retailers in cutting prices to help weary shoppers.
Stop & Shop To Close ‘Underperforming’ Northeast Stores
The supermarket chain has not yet determined just how many stores will shutter.
2024 Chevrolet Equinox EV Specs
Chevrolet’s new electric compact crossover, the 2024 Equinox EV, is making its way into the EV market.
Taco Bell’s Giant Cheez-It Collaboration Goes Nationwide
Taco Bell is set to launch its highly anticipated oversized Cheez-It crackers nationwide on June 6.