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Disney misses estimates for quarterly revenue -Breaking

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© Reuters. FILE PHOTO: Toy figures of persons are seen in entrance of the displayed Disney + brand, on this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Walt Disney (NYSE:) Co missed estimates for quarterly income on Wednesday because it needed to pay $1 billion for early termination of rights for movies and TV reveals, though its streaming and theme park companies posted robust progress.

The corporate’s income rose 23% to $19.25 billion within the second quarter ended April 2, beneath analysts’ expectations of $20.03 billion, based on IBES information from Refinitiv.

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