Disney reports small loss but sees improvement in streaming
The Peninsula
New York: Disney reported higher revenues Tuesday on a strong performance by its theme parks division, but a write down in the company s India busines...
New York: Disney reported higher revenues Tuesday on a strong performance by its theme parks division, but a write-down in the company's India business resulted in a small loss.
Disney reported a $20 million quarterly loss following the $2.1 billion impairment in Star India. Revenues rose 1.2 percent to $22.1 billion.
The company achieved profitability in its entertainment streaming segment following subscription additions of more than six million in Disney+.
Disney said it was on track for full-year profits on the entire streaming business after years of losses. This includes the ESPN+ sports network.
The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resort.
Doha: Beverly Hills B2B Solutions, unit of KBN Group Holding has celebrated the remarkable success of Whirlpool as the leading European Appliances bra...
Bangkok: US chip giant Nvidia said Tuesday it would work with the Thai government to develop world class AI infrastructure in the kingdom. CEO an...
Doha: Video Home Electronic Center W.L.L. (Jumbo Electronics), a leader in Qatar s electronics sector, announced a new sales and service agreement w...
Washington: OpenAI CEO Sam Altman (pictured)yesterday expressed confidence that US President elect Donald Trump s administration would support the art...
Doha: Qatar National Bank (QNB) predicts a positive economic outlook for Indonesia, driven by a pro business government focused on continuity, favorab...