Disney Boosts Cash Dividend by 50% as Fiscal Q1 Earnings Beat Expectations and Streaming Losses Narrow
ORLANDO, Fla. (AP) — Disney announced on Wednesday that it will be increasing its cash dividend by 50%, along with reporting fiscal first quarter earnings that exceeded expectations and a narrowing of streaming losses. The company reported adjusted earnings of $1.22 per share, beating the expected $0.99 per share. Disney also projected a 20% increase in full-year fiscal 2024 earnings compared to 2023. While revenue came in slightly lower than expected at $23.5 billion, Disney …