Disney, Warner Bros. Discovery, Paramount All Showing Streaming Profits -- Market Talk
Dow Jones11-14
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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
