this post was submitted on 10 Jan 2024
640 points (88.3% liked)
Technology
58303 readers
12 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So higher gross profit but lower net income from last year which is far lower than their net income from 2019 and their highest in 2018.
They've produced ~4 flops last year that cost them almost $1 billion, their stock price hit a 9 year low last year at below $84, Disney + has been operating at a loss since it started. Universal Studios overtook them with box office revenue last year.
Unless I'm interpreting that incorrectly it would seem that they aren't doing too well. Correct me if I'm wrong.
They aren't doing as great as they hoped, that's all. Disney isn't hurting for money, every day people spend billions in their parks. Yes they aren't having cinematic triumphs, but that isn't the only source of their income.