Disney's Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost
Portfolio Pulse from Anusuya Lahiri
Disney reported Q3 2024 earnings with revenue and EPS beating analyst estimates. The streaming business turned profitable, and ESPN revenue saw a significant boost. The company expects strong EPS growth and continued profitability in streaming.
August 07, 2024 | 12:30 pm
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Disney's Q3 2024 earnings report showed revenue of $23.16 billion and an EPS of $1.39, both beating analyst estimates. The streaming business turned profitable, and ESPN revenue increased by 5%. The company expects strong EPS growth and continued profitability in streaming.
Disney's better-than-expected earnings, profitability in streaming, and strong ESPN revenue are positive indicators for the stock. The company's optimistic outlook for fiscal 2024 further supports a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100