Beating predictions, Walt Disney Co. reports profit in first quarter
Disney has said that its profit in the quarter has come to $1.84 a share
Published - Feb 6, 2019 11:34 AM Updated: Feb 6, 2019 11:34 AM
Proving predictions wrong, Walt Disney Co. has reported first-quarter sales and reported gains in the company's broadcast division, as per media reports.
Disney has said that its profit in the quarter has come to $1.84 a share, going against the $1.54 a share that analysts had predicted.
ESPN+ its direct-to-consumer service has been reported to have more than 2 million paid subscribers. This is more than double where it was five months ago.
The profit in cable TV, led by ESPN Sports Network, has gone down to 6 per cent. ABC's earnings have gone up by 40 per cent.
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