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Elon Musk's X claims it's now a 'video-first platform' as it tries to reverse an advertiser exodus that has cost it billions in value (fortune.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 0 points 2 years ago (1 child)

Disney's not hurting. They just posted bigger profits than ever this past year and expect to exceed that by several billion this year.

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  • [–] 1 point 2 years ago (1 child)

    So higher gross profit but lower net income from last year which is far lower than their net income from 2019 and their highest in 2018.

    They've produced ~4 flops last year that cost them almost $1 billion, their stock price hit a 9 year low last year at below $84, Disney + has been operating at a loss since it started. Universal Studios overtook them with box office revenue last year.

    Unless I'm interpreting that incorrectly it would seem that they aren't doing too well. Correct me if I'm wrong.

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  • [–] 0 points 2 years ago

    They aren't doing as great as they hoped, that's all. Disney isn't hurting for money, every day people spend billions in their parks. Yes they aren't having cinematic triumphs, but that isn't the only source of their income.

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