Better than expected for Disney

» Published: August 07 2024

Better than expected for Disney
Photo: Michel Euler/AP/TT

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The media company Disney exceeded market expectations in its quarterly report.

The company reports an adjusted result per share of 1.39 dollars. Analysts had on average expected 1.19 dollars, according to a compilation from Bloomberg.

Sales amounted to 23.2 billion dollars, which can be compared to analysts' expectations of 23.1 billion dollars.

Disney's platforms Disney+, ESPN+, and Hulu together made a profit for the first time – one quarter earlier than the company's own forecast.

Disney announced as recently as yesterday that it will raise the price of the services in the US by 1-2 dollars per month from mid-October. It is not clear whether the price will also be raised on the Swedish market.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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