Disney beat earnings expectations driven by strong domestic parks and streaming unit. Shares fell 3% due to TV segment decline. Disney raised full-year profit forecast to $5.85, but analysts were unimpressed. ESPN confirmed NFL deal and announced new $29.99/month standalone service. ESPN also secured exclusive US streaming rights for WWE events starting in 2026. Disney’s ESPN eyes more bundling opportunities with Disney+ and Hulu. Disney reported $23.65 billion revenue, $1.61 EPS, and a $346 million profit in direct-to-consumer segment. Disney+ added 1.8 million subscribers, falling short of expectations. Disney’s parks business shines with $9.09 billion revenue and 22% rise in operating income. Attendance growth flat at domestic parks amid competition. Disney targets $875 million in streaming profits for fiscal 2025.

Sources:
1. Yahoo Finance
2. Wall Street Journal
3. ESPN Press Room
4. The Athletic
5. New York Times

Read more at Yahoo Finance: Disney stock slides amid sharp decline in linear TV business, tepid outlook