Walt Disney Co. reported mixed quarterly earnings with revenue growth of only 2% to $23.2 billion and a 4% increase in income before taxes. Disney+ experienced minimal growth, adding only 1.8 million subscribers to reach 128 million. Linear revenue fell by 15% to $3.2 billion, resulting in a 15% drop in the Entertainment segment's operating income to $1 billion. Despite an 8% increase in experiences revenue to $9.1 billion, investor worries about potential economic downturn effects linger, leading to a subdued stock performance.
Disney's quarterly earnings showed mixed results, with revenue growth of only 2% to $23.2 billion and a less-than-robust increase in subscriber numbers for Disney+.
The company reported a 15% decline in linear revenue, impacting the Entertainment segment's operating income, which fell 15% to $1 billion.
Despite an 8% rise in theme park revenue to $9.1 billion, investor concerns about an economic downturn affecting these results persist.
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