Disney's global business is thriving, even with India losses
Business
Disney just reported a $28 million loss from its India joint venture with Reliance, but that's actually better than last year.
Despite some bumps (like a big restructuring charge), Disney's global business is holding strong—thanks to streaming growth and some seriously successful movies.
Despite the India loss, Disney's global business is booming
Even with losses in India, Disney pulled in $26 billion this quarter—up 5% from last year—and beat Wall Street expectations.
Streaming is booming: income jumped 72%, and hits like Zootopia 2 and Avatar: Fire and Ash both crossed the $1 billion mark at the box office.
While sports revenue dipped (blame YouTube TV drama), theme parks hit record highs.
Basically, Disney's still got it—even when things get tricky.