Wednesday, March 3, 2021

Tag: Profits

Disney returns to profit as streaming success offsets pandemic-hit parks

Image credits - Gullah / Pixabay

February 12 - Walt Disney Co swung to a surprise quarterly profit on Thursday, as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations. Investors overlooked a 53% decline in park revenue in the quarter and welcomed Disney+ streaming reaching 94.9 million subscribers. Shares rose 3.1% to $194 after they closed ...

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