Disney Says Co Remains On Track For Profitability Of Combined Streaming Businesses To Improve In Q4, With Both Entertainment DTC And Espn+ Expected To Be Profitable In Quarter
Portfolio Pulse from Benzinga Newsdesk
Disney announced that it remains on track for profitability in its combined streaming businesses, with both Entertainment DTC and ESPN+ expected to be profitable in Q4.
August 07, 2024 | 10:52 am
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POSITIVE IMPACT
Disney announced that its combined streaming businesses, including Entertainment DTC and ESPN+, are expected to be profitable in Q4.
The announcement of expected profitability in Q4 for Disney's streaming services is a positive indicator for the company's financial health and future growth. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100