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Disney exceeded Wall Street's earnings expectations, with CEO Bob Iger announcing a 'building' phase. The company added roughly five million subscribers to its streaming services in the last three months, leading to a 3% stock jump. Disney's stock rose in after-hours trading, driven by solid quarterly results, gains in Shanghai and Hong Kong theme parks, and a plan to cut costs by $7.5 billion. Sony's gaming division reported record revenue with PlayStation 5 consoles reaching 46.5 million shipped. Sony's profit slid due to a chip slump but bumped up games unit forecast. The company's chips division saw a 37% profit slump. Disney's stock soared 6% after strong earnings, and the company plans to seek an additional $2 billion in cost savings. Sony maintained its sales target of 25 million PlayStation 5 consoles and is looking for a boost from a new, slimmer version of the device. Lionsgate narrowed its quarterly loss on higher revenues, and Sony raised its sales and profit outlook as media helped offset mobile. Disney is examining whether its future should include fewer television networks, including ABC, FX, and National Geographic.
Disney’s Strong Earnings Might Not Placate Peltz https://t.co/Oo9Wkmk21P
Disney Plans More Changes for Its TV Networks: Report https://t.co/hgcesNz5CN
WSJ News Exclusive: Disney is examining whether its future should include fewer television networks, a stable that includes ABC, FX and National Geographic https://t.co/Zy5te0dvgN https://t.co/Zy5te0dvgN
Disney Plots Future of Its Traditional TV Networks w/@jtoonkel https://t.co/IpZh84XUPl
Disney $DIS is examining whether its future should include fewer television networks Disney executives have set out to determine which channels have long-term value and which are expendable So far, the executives’ work has identified ABC, Disney Channel and FX as the channels… https://t.co/AJyBSFtoST
$DIS 🔸Disney Entertainment Co-Chair Dana Walden Leads Strategic Review of its Traditional TV Networks, Sources Say -- WSJ 🔸Disney's Review of its TV Networks Finds ABC, Disney Channel and FX Are Most Valuable to Company, Sources Say -- WSJ 🔸Disney has Discussed Putting… https://t.co/Cde1vV285x
Sony raises sales and profit outlook as media helps offset mobile https://t.co/Ueeyotya8s
WATCH: The Japanese tech conglomerate was hit by a weaker performance at its image sensor and financial divisions https://t.co/jXOo13Mi6Z https://t.co/PIv9QsSRq1
The Japanese tech conglomerate was hit by a weaker performance at its image sensor and financial divisions https://t.co/TUD9HpkPTc https://t.co/B5x9LOoXDu
🔻🔻🔻 Lionsgate Again Tops Wall Street Estimates With $1 Billion in Q2 Revenue https://t.co/fJOjouybw8
Disney CEO Bob Iger admitted during a recent investor call that the company “lost some focus” with its content, perhaps the understatement of the century given their many mistakes But it raises an an important question, is it too late to fix Disney? https://t.co/l8j76B8hoh
Disney CEO Bob Iger Plans to Reduce Theatrical Releases Moving Forward To Strengthen Creative Output Link: https://t.co/LnM1oB2Uuj https://t.co/I9VCXMzp9i
The Bob Iger v Nelson Peltz rematch: Disney’s problems are as much about leadership as strategy https://t.co/hqINrg5aRE
Sony generated $2.33bn from recorded music and publishing in calendar Q3, up 8.3% YoY (@musicbizworld) https://t.co/QqH3fJCyIp
Disney's stock has more upside, but it won't get there quickly, says Freedom Capital's Jay Woods https://t.co/TpDQnQeGiy
Lionsgate Quarter Beats Street As Motion Picture Sales Soar, Profits Rise Across Divisions https://t.co/AesNJEgwRe
WATCH: Sony maintained its sales target of 25 million PlayStation 5 (PS5) consoles this financial year with the company looking for a boost from a new, slimmer version of the device https://t.co/jXOo13Mi6Z https://t.co/ivOCwnvmV9
Lionsgate Narrows Quarterly Loss on Higher Revenues https://t.co/a8OXgewyea
Disney topped profit estimates last quarter and said it will seek an additional $2 billion in cost savings https://t.co/7KdwqDxRUj
.@jimcramer is "all in" on Disney, he said after the company's earnings topped expectations Wednesday. "I believe in the cost cut," he added. https://t.co/deffabExzt https://t.co/gRzmfKS6so
Disney has its 'mojo back' as Wall Street applauds cost cuts, free cash flow guidance $DIS by @allie_canal https://t.co/Qo7BIRMfvy
WATCH: Profit at Sony's chips division slumped by 37%, hit by higher expenses and weaker sales of image sensors, which are used in smartphones https://t.co/jXOo13Mi6Z https://t.co/Ipf3PAd8SU
Profit at Sony's chips division slumped by 37%, hit by higher expenses and weaker sales of image sensors, which are used in smartphones https://t.co/TUD9HplnIK https://t.co/i8cLvvGSmc
PS5 at 46M. Sony profits slip due to strikes, but PS5 outlook brightens https://t.co/swDTiLZUz9 via @GamesBeat
Marvel's Spider-Man 2 sales pass 5m, as Insomniac releases another patch https://t.co/c4Z4s5sILo https://t.co/x66WeSDDu6
CEO Bob Iger comments on the string of Disney’s recent, high-profile box office disappointments, stressing a new focus on quality over quantity. https://t.co/WEIgBYzbjk
Disney stock is on the rise after the company said it would ramp up another round of cost-cutting measures, likely impacting some content. https://t.co/iOZq75Drg0
Disney Stock Soars 6% After Strong Earnings—Biggest Gain Of 2023 https://t.co/rMam6I7nE6 https://t.co/Q54V5nWGiR
Wall Street Likes Bob Iger's Disney Growth Vision, So Far https://t.co/tiJk8mZJdf
With one Hulu and Disney+ app, CEO Bob Iger commits to “significant and sustained profitability” in streaming, but domestic growth remains sluggish https://t.co/vWZW1Eu5ip
With one Hulu and Disney+ app, CEO Bob Iger commits to “significant and sustained profitability” in streaming, but domestic growth remains sluggish https://t.co/hS4BEaDbfP
Sony's latest financial results reveal Marvel's Spider-Man 2 hit 5 million copies sold in 11 days as the PlayStation 5 surpasses 46.5 million units sold. https://t.co/6mopoTnypE https://t.co/BW190qKCtr
WATCH: Walt Disney exceeded Wall Street's earnings expectations, thanks to eager crowds at its Shanghai and Hong Kong theme parks https://t.co/hNm7ShKttf https://t.co/WcKxGKte4i
PlayStation 5 sales reach 46.5m https://t.co/cZDEWjl8Ck https://t.co/6gpZppa0uI
Walt Disney exceeded Wall Street's earnings expectations, thanks to eager crowds at its Shanghai and Hong Kong theme parks https://t.co/HqY1WIycAt https://t.co/DxcqGYBmte
Disney stock leaps as earnings impress, cash flow forecast ignites dividend hopes https://t.co/ROrv9duP9o
While Disney will continue licensing some of its content to third parties, CEO Bob Iger said the company will not “chase bucks” by giving away its core brands https://t.co/Nh0IY9O37U
Marvel's Spider-Man 2 sales pass 5m, as Insomniac releases another patch https://t.co/c4Z4s5sILo https://t.co/f28kAniXy8
Disney CEO Bob Iger says company is looking to cut costs by $7.5 billion https://t.co/3iW32y1BXB
The outlook for the PlayStation 5 business looks strong as Sony has gotten over any production problems related to the pandemic. https://t.co/WaRMbWUrpX
WATCH: Shares in Walt Disney rose in after-hours trading, following solid quarterly results that saw gains in Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC https://t.co/hNm7ShKttf https://t.co/UW9ua1tHbR
Shares in Walt Disney rose in after-hours trading, following solid quarterly results that saw gains in Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC https://t.co/HqY1WIycAt https://t.co/secMCWrkDw
Sony's gaming division has reported a record second quarter in terms of revenue, as PlayStation 5 consoles reached 46.5m shipped. https://t.co/MkmIK4bYLp https://t.co/AEu12KluEF
Sony hikes annual sales outlook on strong game, music performance https://t.co/PWhQfEHcbi
Sony profit slides on chip slump, bumps up games unit forecast https://t.co/bHbJ9tnWOB https://t.co/xrebDphCHc
Sony Pictures Entertainment Sees Profits Increase To $204M In Second Quarter https://t.co/tiShdQNl13
Bob Iger says Disney "would like to stay" in India as Hotstar struggles to avoid churn; Hotstar lost ~23M subscribers in the past year including 2.8M in Q4 2023 (@refsrc / TechCrunch) https://t.co/qjqB0tnp0a 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pTYDRmF8Ag
Adding roughly five million subscribers to its streaming services in the last three months could help Disney stave off Nelson Peltz, an activist investor who pushing it to come up with a plan to replace Bob Iger as CEO. https://t.co/jSBlCHJDXb
Disney's stock jumped 3% on Wednesday after the media giant beat analyst expectations on earnings and significantly reduced losses within its streaming division. https://t.co/Rw86PfaudN
Bob Iger delivered a strong Disney earnings report on Wednesday, telling investors that the company added roughly five million subscribers to its streaming services in the last three months. https://t.co/5ql801RYjS
Disney tops earnings forecasts as Iger sets 'building' phase https://t.co/q6bnx8CcQA https://t.co/MYiEOxAHe0