Disney reported fiscal Q2 results that beat consensus expectations, but losses widened in its direct-to-consumer segment as the company continues to invests to become a leader in the streaming space.
The Mouse House posted adjusted earnings of $1.61 per share on revenue of $14.92 billion. Consensus expectations were for Disney to have adjusted earnings of $1.57 per share on revenue of $14.54 billion for the three months ending in March. In the year-ago quarter, Disney posted adjusted earnings of $1.84 per share on revenue of $14.55 billion.