Disney earnings up but ESPN struggles
NEW YORK: Disney reported higher second-quarter profit on Tuesday despite low earnings at ESPN network, which has been under pressure with the rise of streaming. Net income for the quarter ending April 1 came in at US$2.4 billion (RM10.43 billion), up 11.4 per cent from a year ago. Revenues were US$13.3 billion, up 2.8 per cent. Strong points included Disney’s parks and resorts business and a robust box-office performance. But earnings in cable networks fell three per cent to US$1.8 billion.