Summary by Moomoo AI
On August 7, 2024, The Walt Disney Company (Disney) released its earnings report for the third quarter ended June 29, 2024. The report showed a significant improvement in financial performance compared to the previous year. Revenues increased to $23.2 billion, up from $22.3 billion in the prior-year quarter. Income before taxes saw a substantial turnaround, posting a $3.1 billion income compared to a $0.1 billion loss in the prior-year quarter. Diluted earnings per share (EPS) was $1.43, a marked improvement from a loss of $0.25 per share in the prior-year quarter. Excluding certain items, diluted EPS for the quarter increased to $1.39 from $1.03 in the prior-year quarter. The Entertainment segment's operating income nearly tripled year over year, driven by strong results in Direct-to-Consumer and...Show More