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The Walt Disney Firm (NYSE: DIS) on Wednesday reported a rise in first-quarter adjusted earnings. The outcomes additionally topped expectations.
The Burbank-headquartered leisure behemoth stated adjusted revenue elevated to $1.22 per share within the December quarter from $0.99 per share a yr earlier. Earnings additionally exceeded estimates. On a reported foundation, internet revenue was $1.91 billion or $1.04 per share in Q1, in comparison with $1.28 billion or $0.70 per share within the prior yr interval.
In the meantime, first-quarter revenues remained broadly unchanged at $23.5 billion, in comparison with the corresponding interval of 2023.
“Our robust efficiency this previous quarter demonstrates we have now turned the nook and entered a brand new period for our firm, targeted on fortifying ESPN for the longer term, constructing streaming right into a worthwhile development enterprise, reinvigorating our movie studios, and turbocharging development in our parks and experiences,” stated Robert Iger, CEO of Walt Disney.
Prior Efficiency
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