(CNBC) Disney earnings topped expectations thanks in part to profit at ESPN+ and continued growth at theme parks, but a decline in ad revenue weighed on the top line. Disney also said it plans to continue to “aggressively manage” its cost base, increasing its cost-cutting measures by an additional $2 billion to a target of $7.5 billion. Shares of the company rose more than 4% after the closing bell Wednesday.
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
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