{"id":86455,"date":"2023-11-09T01:02:35","date_gmt":"2023-11-09T06:02:35","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86455"},"modified":"2023-11-09T01:00:49","modified_gmt":"2023-11-09T06:00:49","slug":"disney-expands-cost-cutting-plan-by-2-billion-posts-better-than-expected-profit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2023\/disney-expands-cost-cutting-plan-by-2-billion-posts-better-than-expected-profit.html","title":{"rendered":"Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/DIS\/\">Disney<\/a> 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 \u201caggressively manage\u201d 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.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/11\/08\/disney-dis-earnings-report-q4-2023.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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 \u201caggressively manage\u201d its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86455","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86455"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86455\/revisions"}],"predecessor-version":[{"id":86457,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86455\/revisions\/86457"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}