Home Business Disney missed with Reuters’ quarterly revenue estimates

Disney missed with Reuters’ quarterly revenue estimates

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© Reuters. PHOTO FILE: Toy figures of people are visible in front of the displayed Disney + logo, in this illustration, made on January 20, 2022. REUTERS / Dado Ruvic / Illustration

(Reuters) – Walt Disney (NYSE 🙂 On Wednesday, Co did not estimate its quarterly earnings estimate, as it had to pay $ 1 billion for the early termination of film and TV show rights, although the broadcasting and theme park business saw strong growth.

The company’s revenue grew 23% to $ 19.25 billion in the second quarter ended April 2, below analysts ’expectations of $ 20.03 billion, according to IBES data from Refinitiv.

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