The Lion King helped boost Disney’s earnings as company prepares for Disney+ launch
Thursday, 7 November 2019 () Photo: Walt Disney Studios
Disney’s final earnings call before the launch of its anticipated streaming service, Disney+, reminded investors that Disney is in a strong place, beating revenue estimates.
The company reported a quarterly revenue of $19.1 billion. It was estimated to pull in $19.04 billion. The company posted $2.32 billion in profit during this same quarter last year on $14.3 billion in revenue. Still, Disney’s numbers are almost up across the board, including a huge boost from its studios — specifically The Lion King — and theme park divisions. Disney’s earnings report states the increase in “theatrical distribution results was due to the performance of The Lion King, Toy Story 4 and Aladdin in the current quarter compared to Incredibles 2 and Ant-Man...
Walt Disney's theme parks and a remake of "The Lion King" boosted quarterly earnings past Wall Street targets on Thursday as costs came in lower than expected for its big plunge into streaming entertainment. Yahaira Jacquez reports.