Disney’s conventional TV enterprise posted a revenue of $2.85 billion, a 15% enhance from the identical interval final yr, with assist from increased affiliate charges and decrease programming prices. That countered a drop in promoting.
With Disney’s parks now reopened in every single place however Paris, that division, a profitable one in good instances, can be extra of a spotlight for traders. The unit misplaced $406 million within the quarter.
The film studio generated $312 million in revenue in 1 / 4 the place the corporate’s latest animated movie, “Raya and the Final Dragon,” was launched on-line to Disney+ prospects for an extra $30 charge, in addition to in theaters. Two different photos, “Black Widow” and “Jungle Cruise,” could have comparable hybrid releases in July.
Disney shares fell as little as $168.93 in prolonged buying and selling after the outcomes had been posted. The shares had been down 1.6% this yr by means of the shut Thursday in New York.