disney
The Walt Disney Company today reported some very disenchanting numbers in its second quarter 2024 financial results on May 7, compared with the previous quarter and also the previous year. Where the business did see profits, they were grown heavily by the company’s theme parks and other ‘Experiences’ businesses, in the face of dwindling numbers from Disney’s streaming and Entertainment segments. The financial results Among other results, the company reported $657 million in income (before income taxes), a decrease of 69% year-on-year (YOY). Revenues for the quarter stood at $22 billion, a decr...
Invezz
Tomorrow, Tuesday 7, of May, the Walt Disney Company (DIS) will report their second quarter earnings for 2024. Of special interest to shareholders will be the company’s ‘Experiences’ business (including its theme parks worldwide). In a recent interview with The Hollywood Reporter, the Walt Disney Company’s ‘chairman of experiences’ Josh D’Amaro revealed that the company intends to invest an eye-watering $60 billion in reinvigorating and updating its theme parks as a core part of its growth strategy for the next decade or more. The major cash injection into the company’s parks – possibly the la...
Invezz
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