Disney, Warner Bros. Discovery, Paramount All Showing Streaming Profits -- Market Talk

Dow Jones11-14 21:35

0835 ET - Three companies ailing from cord-cutting consumers have now posted two consecutive quarters of streaming profits. Disney reports its second-straight adjusted profit in its direct-to-consumer business, following up similar profitable quarters for Warner Bros. Discovery's Max and Paramount's Paramount+. Customers cancelling their cable-TV subscriptions have dented what has for years been a profit center for entertainment conglomerates. Comcast-owned Peacock is still yet to turn an adjusted profit. Netflix, meanwhile, has been notching billions in earnings for years. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 14, 2024 08:35 ET (13:35 GMT)

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Disney reports its second-straight adjusted profit in its direct-to-consumer...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0648001328.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483808726","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483808726","pubTimestamp":1731591300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0835 ET - Three companies ailing from cord-cutting consumers have now posted two consecutive quarters of streaming profits. 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