"Disney's Winning Streak: Strong Earnings, Taylor Swift Collaboration, and Streaming Sports Risk"

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Source: Yahoo Finance
"Disney's Winning Streak: Strong Earnings, Taylor Swift Collaboration, and Streaming Sports Risk"
Photo: Yahoo Finance
TL;DR Summary

Disney's stock price surged 11.5% following a strong quarterly report, with revenue flat at $23.5 billion but growth in direct-to-consumer streaming and experiences segments. Adjusted earnings per share rose, and the company aims to be profitable in streaming by September. CEO Bob Iger announced a dividend raise, a partnership with Epic Games, and the exclusive streaming of Taylor Swift's concert film. Disney is making moves to strengthen its product offerings and expand its streaming business, with potential for substantial growth in the future.

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