Disney beats expectations with $2.15 billion in quarterly net profit

2024-02-07T23:02:52.069Z

Highlights: Disney beats expectations with $2.15 billion in quarterly net profit. The Californian group has also managed to massively reduce the losses of its streaming platforms. Its title gained more than 7% during electronic trading after the close of the New York Stock Exchange. The company is targeting profitability for Disney+ this year, instead of losing money as it did a year ago, when it lost $1.2 billion in the first quarter of the year. It is also aiming to reduce its losses of the streaming platforms to 138 million dollars, from 984 million during the same period last year.

The Californian group, which is targeting profitability for Disney+ this year, has also managed to massively reduce the operational losses of its streaming platforms.