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Disney Earnings

Disney's latest earnings report reveals a mixed bag for its streaming services. While Disney's streaming segment, excluding ESPN, turned a profit of $47 million, the sports platform dragged the overall streaming segment to a combined loss of $18 million 1. This is still a significant improvement from the $659 million loss reported a year ago. However, weak guidance for the parks and experiences unit led to a 10% drop in Disney's stock, marking its worst day in over a year 1.

   

Warner Bros

Warner Bros. Discovery also reported earnings, missing expectations on both the top and bottom lines. Despite this, the streaming unit was profitable, and subscriber growth exceeded expectations, leading to a 1% rise in the stock 1. Scott and Ed discuss the contrasting performances of Disney and Warner Bros., noting that Disney is up 15% year-to-date while Warner Bros. is down around 30% 2.