Disney's earnings show streaming's path to profitability is less spending: NYT columnist Jim Stewart
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Disney's fourth-quarter earnings beat expectations, highlighting a path to profitability in streaming through reduced spending. Jim Stewart, a New York Times columnist, discussed these results and the evolving media landscape on CNBC's 'Power Lunch'.
November 14, 2024 | 8:45 pm
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Disney's fourth-quarter earnings exceeded expectations, suggesting that the company's strategy of reducing spending in its streaming segment is effective in moving towards profitability.
Disney's earnings beat suggests that their strategy to reduce spending in streaming is working, which is a positive indicator for future profitability. This news is likely to boost investor confidence and positively impact Disney's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100