Disney Posts Mixed Results for Quarter Plagued by Streaming Woes, Restructuring Costs
August 11, 2023
CNBC
Despite ongoing streaming challenges and restructuring costs, Disney reported mixed results for its fiscal third quarter. The company experienced a 7.4% decline in Disney+ subscribers, with most losses coming from Disney+ Hotstar due to the loss of Indian Premier League cricket rights. Disney also recorded $2.65 billion in one-time charges and impairments, leading to a rare quarterly net loss, while its parks, experiences, and products division saw a 13% increase in revenue.
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