From Yahoo Finance: 2024-05-07 09:44:26

Disney shares are under pressure following mixed second quarter results. The company’s direct-to-consumer entertainment segment, including Disney+ and Hulu, reached profitability for the first time. CEO Bob Iger’s efforts contributed to this success. However, the parks and cruise businesses are slowing down, and the company lowered its third quarter guidance due to low consumer spending. Disney expects its total direct-to-consumer segment to be profitable by the fourth quarter with plans to crack down on password sharing to increase subscriptions. Watch the full episode of Morning Brief for more market insights.



Read more at Yahoo Finance: Disney’s streaming services reach profitability for first time