Saturday, December 3, 2022

Disney Execs Seek To Assure Jittery Investors They Are On Track To Deliver A “Sustainably Profitable” Streaming Operation

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Addressing Wall Street analysts during Disney’s quarterly earnings call Tuesday, the company’s top executives sought to emphasize their progress toward attaining streaming profitability.

“With our expectation that peak losses are behind us, direct-to-consumer results should improve going forward as we lay the foundation for a sustainably profitable business model,” Chief Financial Officer Christine McCarthy said during a touch-base with Wall Street that felt muted compared with the many when-you-wish-upon-a-star rallies it has staged in recent years.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Deadline

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