Disney shares rise as first quarter earnings beat expectations

04:56

More Videos

Overbooked | Series | Trailer

Inside Konya, Türkiye’s Historic Heart | Where to Next?

Mining in Serbia’s Bor contributes economy but poses risks to health and nature

Bosnia and Herzegovina confronts Croatia over nuclear waste facility

Sanctioning settlers: EU pressure or political cover? | Bigger Than Five

Konya beyond expectations | Where To Next

Sanctioning settlers: Is it enough? | Bigger Than Five

The rise of foreign influence in poor communities

Why has Christian Schmidt decided to quit now?

Political violence in the US | Inside America

Disney shares rise as first quarter earnings beat expectations

Disney's shares rose as much as 7% in extended trading, after reporting better-than-expected fiscal first-quarter earnings on Wednesday and as the media conglomerate also cut costs while revenue stagnated. Earnings per share came out at $1.22 adjusted vs. 99 cents expected and revenue was also higher than forecasts. Disney also announced it will take a $1.5 billion stake in Fortnite studio Epic Games and launch its flagship ESPN streaming service in late 2025. The date of this launch has been long anticipated by the sports media world.