Disney Results Mixed as Weaker Parks Offset Streaming Profit
- Film studio snaps losing streak on strength of ‘Inside Out 2’
- Mid-single-digit profit drop is seen for resorts next quarter
Disney also reported a $47 million profit in streaming, the first since the flagship Disney+ streaming service debuted in 2019.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Walt Disney Co. gave a mixed picture as it reported third-quarter results on Wednesday, with weakness at its famed theme parks offsetting its first-ever profit in streaming.
Disney’s US theme parks, which were buffeted by rising costs and tepid demand, missed Wall Street estimates for sales and profit. The company said its Disneyland Paris park suffered from a reduction in summer travel due to the Olympics, and noted some “cyclical softening in China.”