Disney didn't mention "diversity" in its annual report for the first time since 2019. The company revamped its DEI initiatives earlier this year, amid Trump's second term.
Walt Disney Co (NYSE:DIS, ETR:WDP) shares fell almost 9% after the entertainment giant posted mixed financial results for the fiscal fourth quarter. Disney reported revenue of approximately $22.46 billion, below analyst expectations of $22.75 billion.
Disney has commenced the process for fully integrating Hulu into the Disney Plus streaming app, and while that's underway, CEO Bob Iger sees potential in artificial intelligence use on the platform. During the Walt Disney Company's fourth-quarter earnings call on Thursday, he discussed how the unified app can serve as a "portal" for all of Disney's offerings by leveraging AI technology.
Disney chief financial officer Hugh Johnson said the company will be sitting out this round of industry M&A. On a conference call with analysts and an interview with CNBC Thursday morning, the executive said CEO Bob Iger spent decades building up the business, which is set with what it has.
US stocks dipped on Thursday as the recent market rotation cooled off, even after it helped push the Dow to new highs. The Dow Jones Industrial Average slipped about 94 points, or 0.2%, while the S&P 500 fell 0.5% and the Nasdaq slid 0.7%.
ESPN's launch last August of a beefed-up direct-to-consumer streaming service has been “a real success for a number of reasons,” Disney CEO Bob Iger told Wall Street analysts Thursday.
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